Reliance Jio Infocomm ltd on Friday said it has emerged as the biggest holder of liberalised spectrum after acquiring radiowaves in 14 out of 22 service areas for around Rs 11,054 crore in the latest round of auction that ended on Thursday.
“With this acquisition, Reliance Jio will be the holder of the largest quantum of liberalised spectrum and with the longest residual spectrum life,” Reliance Industries ltd Chairman and Managing Director Mukesh D Ambani said in a statement.
A liberalised spectrum regime allows companies the flexibility to provide services of their choice - voice, data, and video - in the alloted bands. The company also highlighted that it has acquired spectrum at lower price compared to high rates paid by leading telecom companies in the premium 900 Mhz band.