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

Reliance Jio has emerged the highest bidder in the 4G telecom spectrum auction, which concluded on Tuesday in just six rounds, beating incumbents Bharti Airtel and Vodafone Idea 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.   

Spectrum has been sold across a few preferred bands at the base price. In fact, on Tuesday, the total bid amount inched up by