Spectrum auctions: Jio says total owned airwaves footprint up significantly

India’s largest telecom operator, Reliance Jio, on Tuesday said it has successfully acquired spectrum in all 22 circles in the just-concluded auctions, and that its owned radiowave footprint has risen “significantly” by 55 per cent through the acquisition.

Jio – which emerged as the top buyer picking up spectrum for Rs 57,122.65 crore in the auctions – said it has well-balanced spectrum for services and future upgradation to 5G technology.

In all, India’s first auction of telecom spectrum in five years fetched Rs 77,814.80 crore. Bharti Airtel acquired spectrum worth Rs 18,698.7 crore while Vodafone Idea picked up airwaves for Rs 1,993.40 crore.