Reliance Jio top bidder with Rs 88,078 crore bid for 5G; Adani acquires airwaves worth Rs 212 crore

Billionaire Mukesh Ambani’s Reliance Jio on Monday emerged as the largest bidder for the 5G spectrum, acquiring close to half of all the airwaves sold in the latest auction for Rs 88,078 crore.

According to Telecom Minister Ashwini Vaishnaw, the Adani group bought 400 MHz, or less than one per cent of all spectrum sold, for Rs 212 crore.