India Garners $18bn on Day 1 of 5G Spectrum Auction

India garnered record bids to the tune of 1.45 trillion rupees, or $18 billion, on the first day of auctions for the fifth generation (5G) communications spectrum, The Economic Times reported.

India has three private telecom operators – Reliance Jio, Bharti Airtel and Vodafone Idea – vying for the 5G spectrum, along with new entrant Adani Data Networks, a subsidiary of Adani Group.

Read the full report: The Economic Times.

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Tags: 5G

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.