It is Reliance Jio 5G as Mukesh Ambani Bids the Highest!
The race for 5G Spectrum has finally concluded after 10 rounds of bidding. Today on Monday, August 1, 2022, a substantial slab of 5G telecom spectrum got sold to Mukesh Ambani's Jio telecom services as he emerged as the highest bidder. Now, it is Reliance Jio 5G now dominates the spectrum with the majority holding.
It is estimated that the value of the 5G telecom spectrum sold to Mukesh Ambani's Jio is Rs 1,50,173 crore. Compared to the Rs 77,815 crore worth of 4G airwaves sold last year and the Rs 50,968.37 crore obtained from a 3G auction in 2010, the mop-up from the 5G spectrum, which is capable of giving ultra-high speed mobile internet connectivity, is almost twice.
Speeds up to ten times faster than 4G, lag-free connectivity, and real-time data sharing for billions of linke...