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Reliance Jio Bids Big in India’s First 5G Auction – Nikkei

Reliance Jio Infocomm outspent key rivals Airtel and Vodafone, Nikkei Asia reported.

A Reliance Jio store is seen in Kolkata. Photo: AFP


Reliance Jio Infocomm was the big winner in India’s first 5G auction this week, Nikkei Asia reported.

Analysts estimate that Jio, owned by India’s richest man Mukesh Ambani, spent $10.6 billion buying up airwaves by the end of Wednesday, outspending key rivals Airtel ($5.82 billion) and Vodafone ($2.32 billion), the report said. Full story: Nikkei Asia.


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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.


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