Jio top bidder in 5G spectrum auction

India’s biggest-ever auction of telecom spectrum — the radio waves used for mobile telephony — has attracted bids worth Rs 1.5 lakh crore.

Mukesh Ambani’s Reliance Jio bid for the biggest chunk worth Rs 88,078 crore while Bharti Airtel made a successful bid for Rs 43,084 crore and Vodafone Idea bought spectrum for Rs 18,799 crore.