5G auction over, Jio tops the table with ₹88,078 crore in bid

The government mopped up a record over Rs 1.5 lakh crore from India’s first auction of 5G spectrum which ended Monday, with Reliance Jio emerging as the largest bidder.

After 40 rounds over seven straight days, market leader Jio acquired 24,740 MHz of 5G airwaves — which can offer mobile internet speeds 10 times faster than 4G — worth a whopping Rs 88,078 crore, contributing nearly 59% to the central kitty.