Reliance Jio was the largest purchaser in the auction of 5G spectrum conducted by the Department of Telecommunications, Government of India, over the past week.
Jio confirmed that it acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands. The company said it will use equipment made in India for its 5G rollout.
Jio’s total cost of acquiring the technology agnostic spectrum for a period of 20 years is Rs. 88,078 crore. As per terms of the spectrum auction, the spectrum payments have to be made over 20 equated annual instalments, with interest computed at 7.2% per annum.
Through this acquisition, Jio’s total owned spectrum footprint has increased significantly to 26,772 MHz (uplink + downlink), which is the highest in India:
- Sub-GHz: Jio has the highest amount of sub-GHz spectrum with at least 2X10 MHz contiguous spectrum in both 700 MHz and 800 MHz bands across each of the 22 circles.
- Mid-band: Jio is the only operator which has at least 2X10 MHz in 1800 MHz band (with 2X20 MHz in six key circles), 40 MHz in 2300 MHz band and 100 MHz in 3300 MHz band across all the 22 circles.
- mmWave: In addition, Jio also has right to use 1,000 MHz in the millimetre wave band (26 GHz) in each of the 22 circles which will be crucial to enable enterprise use cases as well as provide high-quality streaming services.
Shri Akash M Ambani, Chairman, Reliance Jio Infocomm issued the following statement:
“We have always believed that India will become a leading economic power in the world by adopting the power of breakthrough technologies. This was the vision and conviction that gave birth to Jio. The speed, scale and societal impact of Jio’s 4G rollout is unmatched anywhere in the world. Now, with a bigger ambition and stronger resolve, Jio is set to lead India’s march into the 5G era. We will celebrate ‘Azadi ka Amrit Mahotsav’ with a pan India 5G rollout. Jio is committed to offering world-class, affordable 5G and 5G-enabled services. We will provide services, platforms and solutions that will accelerate India’s digital revolution, especially in crucial sectors like Education, Healthcare, Agriculture, Manufacturing and e-Governance and make another proud contribution to Honourable Prime Minister’s DIGITAL INDIA MISSION.”