Spectrum auction: Reliance Jio acquired band for Rs 973 crore
Reliance Jio secured additional spectrum in the 1800 MHz band for Bihar and West Bengal in the latest spectrum auction conducted by the Department of Telecommunications. Jio acquisition aims to meet geography-specific demand and ensure a high-quality customer experience. The total cost of the spectrum is Rs 973.63 crore.
In Bihar, 5.0 MHz of paired spectrum was acquired for Rs 420.25 crore, and in West Bengal, 9.4 MHz of paired spectrum was acquired for Rs 553.38 crore. The acquisition expands Jio's spectrum footprint to 26,801 MHz and enables the company to deploy the largest amount of spectrum across India on bandwidth-efficient technologies like 4G and 5G.
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