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Jio tops as 5G auction nets ₹1.5 lakh cr.

Jio tops as 5G auction nets ₹1.5 lakh cr.

  • Recently, to facilitate roll-out of 5G and to augment existing telecom services, Department of Telecom has initiated the spectrum auction and Notice Inviting Applications (NIA) was issued.

Highlights

  • The process of spectrum allocation was completed Recently.
  • A total of 51.2 GHz of spectrum was sold, of the total 72 GHz that was up for grabs – close to 71% (Out of it, Reliance Jio top bidder ) and Govt earns over Rs 1.5 lakh cr
  • Union Minister of Communications said the total spectrum sold was “good enough” for covering all circles in the country, estimating “good coverage” of 5G in the next two-three years.

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Prelims Take Away

  • 5G

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