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Tuesday, September 13, 2022

Reliance Jio accounts for 58.65 per cent of total Rs 1.5 lakh crore mop-ups in 5G auction

Reliance Jio accounts for58.65 per cent of total Rs1.5 lakh crore mop- ups in 5G transaction 

NEW DELHI,( ANI) Mukesh Ambani- led Reliance Jio Infocomm Limited has made flings worth Rs 1,50,078 crore account for58.65 per cent of the total value of Rs crore entered by the government in the 5G diapason transaction that concluded on Monday. 


Addressing a media briefing after end of the bidding, Union Minister of Dispatches, Electronics and Information Technology Ashwini Vaishnaw said Reliance Jio has made flings to acquire,740 MHz diapason in 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz. 


Bharti Airtel has made flings worth Rs 43,084 crore to acquire19867.8 MHz diapason in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz frequence bands. Vodafone Idea Limited has made flings worth Rs18,799 crore to acquire,228 MHz diapason in 1800 MHz, 2100 MHz, 2500 MHz, 3300 MHz and 26 GHz. 

Four enterprises are in the fray for the 5G transaction. Adani Data Networks Limited has made flings worth Rs 212 crore to acquire 400 MHz diapason in 26 GHz frequence band. 


The 5G Diapason Transaction has concluded successfully with a total shot quantum of Rs 1,50,173crore. 72,098 MHz of diapason was offered for transaction, and out of that,236 MHz has been vended, the minister said. 

The first- ever transaction of the 5G diapason in India began on July 26. The bidding for the transaction concluded after a aggregate of 40 rounds of bidding that were held in the once seven days. Total 40 rounds of bidding were conducted. About 71 per cent of the total diapason that was bid out has been vended, Vaishnaw said.( ANI) 

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