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Reliance’s $11 billion bid wins lion’s share of 5G spectrum in India auction

NEW DELHI—Reliance Group has become the biggest buyer in the Indian government’s first 5G spectrum auction, offering around $11 billion over 20 years for over-the-air rights as it seeks to cement its position as the leader in the world’s second largest wireless market with rapid deployment of technology.

The acquisition by Reliance Jio Infocomm Ltd. of 24,740 megahertz of airwaves on multiple bands accounted for more than half of the $19 billion in commitments received by the government after a week of bidding that ended Monday night. India is looking to bridge the gap with other countries including China and South Korea which have already installed 5G which is much faster than current networks and seen as the key to a new era of digitally connected industries.


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