Jio buys most 4G spectrum as bids exceed govt expectations

Reliance Jio Infocomm Ltd, India’s largest telco, emerged as the top bidder, cornering roughly three-fourths of the spectrum sold in the two-day event.

Jio buys most 4G spectrum as bids exceed govt expectations

Analysts had estimated that the auction will fetch the government about ₹60,000 crore. (REUTERS)