Auction of 4G spectrum ended today with a total of Rs 77,814 crore worth of bidding for 855.60 MHz spectrum. The largest share in 4G spectrum was grabbed by telecom major Reliance Jio which picked up 488.35 MHz radiowaves worth Rs 57,122.65 crore, Telecom Ministry said.
On the heels was Bharti Airtel picking up 355.45 MHz radiowaves worth Rs 18,699 crore in the auction,
while rival Vodafone Idea bought 11.80 MHz spectrum worth Rs 1,993.40 crore, the ministry added.
Meanwhile, Telecom Department Secretary Anshu Prakash announced that the spectrum auction concluded today at 12.45 pm with 6 rounds of bidding and also added that the response of the bids was "better than expected."
The participants did not bid in 700 MHz and 2500 MHz bands. Four rounds of bidding (two each with stipulated activity levels of 80% and 90%) took place on 01.03.2021. Two rounds of bidding with stipulated activity level of 100% took place today, Prakash informed.
On Monday, the opening day, bids worth Rs 77,146 crore had come in with Reliance Jio, Bharti Airtel, and Vodafone Idea participating in the bidding process.
