Reliance Jio Infocomm (RJIL)
has successfully acquired the right to use 269.2 MHz spectrum in 800/1800/2300 MHz across all 22 circles in the recently concluded spectrum auction.
RJIL has renewed its expiring spectrum in 800 MHz band in Gujarat circle and purchased additional spectrum in the 800 MHz, 1,800 MHz and 2,300 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. RJIL’s spectrum footprint ensures availability of spectrum in all the three bands across the country and enhances its network capacity at negligible incremental capital and operating expenditure.
Mukesh D Ambani, chairman, Reliance Industries said, "We have expanded our spectrum footprint thereby significantly enhancing capacity of our all-IP data strong network and ensuring world class services for all Indians. Jio is committed to taking India to global digital leadership by bringing the power of data to all Indians."
The payment to be made for the right to use of this technology agnostic spectrum for a period of 20 years is Rs 13,672 crore of which 800 MHz is Rs 3,623 crore, 1,800 MHz is Rs 2,154 crore and 2,300 MHz is Rs 7,895 crore.
