5G spectrum auction extends to Day 3; govt receives Rs 1.49-trn bids so far

[satyamev]

5G spectrum auction extends to Day 3; govt receives Rs 1.49-trn bids so far

Though details of the bids are not announced as yet, ICICI Securities said its analysis shows that Jio has likely bid for the highest spectrum worth Rs 80,100 crore

www.google.com

"India's first 5G auction on Wednesday received bids worth Rs 1.49 trillion on day two, as aggressive bidding across bands by players like Reliance Jio and Bharti Airtel pushed the sale over to the third day.
As many as five rounds of bidding were conducted for the 5G spectrum, capable of offering lag-free connectivity and ultra-high-speed internet."

thats around 19 b usd till now.
windfall for the government.