Reliance Jio Infocomm bids total Rs 10,077.53 crore in Spectrum Auctions

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Capital Market
Last Updated : Mar 27 2015 | 11:13 AM IST

Acquires spectrum in either 800MHz or 1800MHz or both in 20 out of total 22 circles

Reliance Industries announced that Reliance Jio Infocomm has successfully acquired the right to use spectrum in 13 key circles across India in the recently concluded spectrum auction conducted by DoT, Government of India.

With this investment, in addition to the pan-India 2300MHz spectrum, RJIL has spectrum in either 800MHz or 1800MHz or both in 20 out of total 22 circles in the country. This combined spectrum footprint across frequency bands provides significant network capacity and deep coverage.

With this investment, in addition to the pan-India 2300MHz spectrum, RJIL has spectrum in either 800MHz or 1800MHz or both in 20 out of total 22 circles in the country. This combined spectrum footprint across frequency bands provides significant network capacity and deep coverage.

The payment to be made for the right to use this technology agnostic spectrum for a period of 20 years is Rs. 10,077.53 crore which includes upfront payment of Rs 2695.48 crore.

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First Published: Mar 27 2015 | 9:43 AM IST

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