Reliance Jio Consolidates Spectrum Further

Reliance Jio on Thursday announced that that it has successfully acquired the right to use 269.2 MHz of spectrum across all 22 service areas in India in the latest auction of airwaves for a consideration of Rs 13,672 crore. 

 

"We have expanded our spectrum footprint thereby significantly enhancing capacity of our all-Internet Protocol data strong network and ensuring world-class services for all Indians," Chairman Mukesh Ambani said in a statement. 

 

Get live News Updates visit us at Ripples Advisory or One Missed Call on @98-27-80-80-90 ,"Jio is committed to taking India to global digital leadership by bringing the power of data to all Indians." 

 

The company renewed its expiring spectrum in 800 MHz band in Gujarat circle and purchased additional spectrum in the 800 MHz, 1800 MHz and 2300 MHz bands at 6.5 per cent premium to reserve price. 

 

"Through this acquisition, RJIL's total spectrum footprint has increased to 1,108 MHz with an average life of over 16 years, further strengthening its leadership position in liberalized spectrum holdings."