5G: How much money did the govt collect in previous auction rounds?

In the 2022 5G Spectrum auction, Reliance Jio emerged as the top buyer in the auction of airwaves, spending over Rs 88,000 crore, more than half the total bidding amount of Rs 1.5 trillion

The auction for the 5G spectrum in India concluded on August 1, 2022. The auction will fetch the highest amount ever to the government of India at over Rs 1.5 trillion. Reliance Jio emerged as the top buyer in the airwaves auction, spending over Rs 88,000 crore, more than half the total budding amount.

Bharti Airtel stood a distant second by spending over Rs 43,000 crore. The other two bidders, Vodafone Idea (VIL) and Adani Data Networks (ADN) bid for selective spectrum.

With the auction now completed, the Ministry of Telecom stated that the spectrum would be allocated by August