Spectrum Auction: Airtel Top Buyer, Rs 11,340 Crore Revenue

Jun 26, 2024 18:59

India's spectrum auction concludes with Bharti Airtel as the top buyer, securing Rs 6,856.76 crore worth of airwaves. Total revenue generated: Rs 11,340.78 crore.

Spectrum Auction: Airtel Top Buyer, Rs 11,340 Crore Revenue

Illustration: Uttam Ghosh/Rediff.com

New Delhi, Jun 26 (PTI) India's spectrum auctions sold 141.4 MHz radiowaves worth Rs 11,340.78 crore, with Bharti Airtel emerging as the top buyer with airwaves worth Rs 6,856.76 crore.

Reliance Jio bagged spectrum worth Rs 973.62 crore, while VIL (Vodafone Idea Ltd) bid for spectrum valued at about Rs 3,510.4 crore, according to an official statement.

In all, the spectrum auction fetched Rs 11,340.78 crore, with Bharti Airtel emerging as the top buyer with Rs 6,856.76 crore worth of airwaves.

Source: PTI By Rediff Money Desk, New Delhi

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