Mega 5G spectrum auction ends with over Rs 1.5L cr in bids, Reliance Jio leads

New Delhi, Aug 1: Led by Reliance Jio, the mega 5G spectrum auction ended on Monday after receiving record bids worth over Rs 1.5 lakh crore in 40 rounds spanning across seven days.

5G airwaves worth Rs 1,50,173 crore has been sold so far and the final tally is being prepared by the government, according to sources.

Day six of the 5G spectrum auction on Sunday saw an incremental increase in the bidding figure after 37 rounds, with bids worth Rs 1,50,130 crore.

According to industry analysts, Reliance Jio has placed bids for more than Rs 84,500 crore, while Airtel’s bids are worth more than Rs 46,500 crore.