Reliance Jio, Bharti Airtel, and Vodafone Idea has made advance payments for the spectrum bought in the recently concluded auctions. Reliance Jio has made a payment of Rs 15,019 crore, Bharti Airtel and Vodafone idea paid Rs 6,323 crore and Rs 574 crore, respectively.
In the 4G telecom spectrum auction, Reliance Jio beated incumbents Bharti Airtel and Vodafone Idea by a wide margin and emerged as the highest bidder
The spectrum has been sold spectrum of 2308 megahertz, 855.60 megahertz, as the spectrum has been sold across a few preferred bands at the base price.
The Centre would get Rs 77,815 crore from the two-day auction, 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.