Bharti Airtel Dominates India's Spectrum Auction

India's recent spectrum auction saw sales of 141.4 MHz radiowaves worth Rs 11,340.78 crore. Bharti Airtel emerged as the top buyer with airwaves worth Rs 6,856.76 crore, followed by Reliance Jio and Vodafone Idea Ltd (VIL).

India's latest spectrum auction concluded with the sale of 141.4 MHz of radiowaves, fetching Rs 11,340.78 crore. Bharti Airtel led the pack, securing spectrum valued at Rs 6,856.76 crore.

Reliance Jio acquired airwaves worth Rs 973.62 crore, while Vodafone Idea Ltd (VIL) secured spectrum totaling approximately Rs 3,510.4 crore, based on an official statement.

Overall, the auction raised a total of Rs 11,340.78 crore, marking Bharti Airtel as the top buyer with the highest investment in airwaves.