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The Times of India

Business

PTI

5G spectrum auction: Rs 1.45 lakh crore bids by Jio, Airtel, others on day 1

Gautam Adani Mukesh Ambani Sunil Bharti Mittal India New Delhi

NEW DELHI: India's largest ever auction of spectrum used to carry mobile signals saw bids of Rs 1.45 lakh crore for 5G airwaves from groups run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani on the first day on Tuesday.

All four applicants -- Ambani's Reliance Jio, Mittal's Bharti Airtel, Vodafone-Idea and an Adani group firm "actively" participated in the auction of 5G spectrum, that offers ultra-high speeds (about 10 times faster than 4G), lag-free connectivity, and can enable billions of connected devices to share data in real-time.

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