You are here: Home » Companies » News
Jindal Steel keen to acquire bankrupt Reliance Naval & Engineering
Cipla's Gulf arm to sell 4 biosimilar medicines in Australia, New Zealand
Business Standard

Half of telecom spectrum sold goes to Reliance Jio at Rs 57,122 crore

DoT may garner Rs 20,000 crore as upfront payment in FY21

Topics
Telecom spectrum auction | Telecom spectrum | Reliance Jio

Megha Manchanda  |  New Delhi 



telecom, trai, mobile, data, internet, smarphone, tech, 4g, 5g, tower, spectrum auction
The Department of Telecommunications hopes to garner Rs 19,000-20,000 crore as upfront payment from this auction before the end of the current financial year

has emerged the highest bidder in the 4G auction, which concluded on Tuesday in just six rounds, beating incumbents and by a wide margin. The Centre would get Rs 77,815 crore from the two-day auction — one of the shortest in a decade. While the amount has exceeded the government expectation, the total mop-up is far below the Rs 3.92 trillion worth of airwaves put up for sale.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, March 03 2021. 01:51 IST

RECOMMENDED FOR YOU

.