Jio buys spectrum for Rs 88,078 crore, geared up for 5G rollout in shortest time

NEW DELHI: Telecom market leader Reliance Jio has acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands for 20 years at a cost of Rs 88,078 crore in India’s first 5G spectrum auction.

“Jio has acquired a unique combination of low-band, mid-band and mmWave spectrum, which coupled with our deep fibre network and indigenous technology platforms, will enable us to provide 5G Everywhere and 5G For All (consumers and enterprises),” the telco said in a statement Monday.