Reliance Jio buys spectrum worth Rs 973.63 crore in Bihar, West Bengal
Reliance Jio expanded its radio waves holding for mobile services by acquiring additional frequencies worth Rs 973.63 crore in the latest spectrum auction that concluded on Wednesday.
The company acquired 5 megahertz paired spectrum in 1,800 Mhz band in Bihar for Rs 420.25 crore and 9.4 Mhz in West Bengal for Rs 553.38 crore.
"Jio acquired additional spectrum in the 1,800 MHz band in Bihar and West Bengal. With this acquisition, Jio has expanded its 1,800 MHz band spectrum in two circles. Jio's spectrum footprint has increased to 26,801 MHz (uplink + downlink), solidifying its leadership position," the company said in a statement.
The government had offered a total of 10 GHz of spectrum ranging between 800 MHz to 26 GHz, which was worth Rs 96,238 crore at the base or auction start price.
All the available spectrum in 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz bands were put to auction. This year auction has seen activity in 900 MHz, 1,800 MH