5G Spectrum Auction: Jio will give the cheapest 5G, bought spectrum worth 88,078 crores
Reliance Jio will provide 5G service at the cheapest price in the country. This was announced by Akash Ambani, chairman of Reliance Jio Infocomm himself. Let us tell you that in the 5G spectrum auction, Reliance Jio bought the highest spectrum worth Rs 88,078 crore. That is, 58.65 percent of the total bid money has been spent by Reliance Jio. Meaning, that during the 5G spectrum auction, Reliance Jio alone is going to occupy more than half the spectrum (5G spectrum auction) allocation.
Government to get Rs 62,095 crore from 5G spectrum auction
Barring Reliance Jio, other telecom companies like Bharti Airtel, Vodafone-Idea (Vi), and Adani Networks have all bought spectrum worth 62,095 crores. Let us tell you that the government has got a total of 1,50,173 crores from the 5G auction (5G Spectrum Auction).
Jio will provide high-speed 5G service in all 22 circles of the country
Reliance Jio has bought 700MHz spectrum for all 22 circles in the country. Actually, experts believe that 700MHz is the best frequency for 5G service.
Jio will provide the most economical 5G service
Akash Ambani said that Jio will offer affordable 5G service with global standards. Jio 5G will accelerate India’s digital revolution. Especially in sectors like education, health, agriculture, manufacturing and e-governance, Jio 5G will prove to be helpful.
India will become the world’s biggest economic power
Akash Ambani, Chairman, Reliance Jio Infocomm said that we have always believed that by adopting new technology, India will become a major economic power in the world. This thought has given birth to Jio. The speed, scale and social impact of Jio’s 4G rollout is unmatched in the world. And now Jio is all set to lead the 5G technology sector in India.