Reliance Jio, India’s largest wireless operator, bought 24,740 megahertz of airwaves for 880.78 billion rupees, the minister said.
India auctioned airwaves worth US$19 billion ($26.2 billion), where billionaire Mukesh Ambani-led Reliance Jio Infocomm Ltd. emerged the top buyer spending more than US$11 billion in a bid to cement its edge over rivals.
The South Asian nation sold spectrum, including 5G airwaves, worth 1.5 trillion rupees (US$19 billion) across multiple bands, India’s telecom minister Ashwini Vaishnaw told reporters in New Delhi on Monday, confirming the government’s forecast of a record collection.
