India 5G spectrum auction ends as it raises over 1.5 lakh crore for the government

After the end of the India’s first 5G spectrum auction that extended into seven days and 40 rounds, government got bids worth Rs. 1,50,173 core, according to a PTI report. The final amount is being tallied. This substantially exceeded pre-bid estimates of Rs. 85,000 crore. Reliance Jio, Bharti Airtel Ltd, Vodafone Idea, and Adani Enterprises Ltd took part in the auction. Continue reading “India 5G spectrum auction ends as it raises over 1.5 lakh crore for the government”