India’s 1st 5G spectrum auction concludes on day 7; Govt nets over Rs 1.5 lakh crore

India’s first ever 5G spectrum auctions has ended on the seventh day of the sale with the government netting a record over Rs1.5 lakh crore, government and industry officials said.

“The final tallying is going on. The government will make an announcement soon,” an official told ET.

Market leader Reliance Jio has emerged as the most aggressive bidder, followed by second ranked Bharti Airtel, with cash strapped Vodafone Idea NSE 2.20 % bidding for 5G airwaves in its priority circles. New entrant Adani Data Networks is said to have bid for 5G airwaves in the 26 GHz band to be used for its captive private networks.