5G spectrum auction: Reliance Jio emerges as top bidder
Image Credit: business today
The third day of India's first 5G spectrum auction has commenced with the 10th round now underway. Five rounds of intense bidding were witnessed yesterday. The bid amount for the airwaves has exceeded Rs. 1.49 lakh crore with Reliance Jio being the frontrunner. The Centre is expecting the sale to conclude today and spectrum allocation to telecom companies should be completed before August 15.