Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has applied to participate in the July 26, 2022 auction of 5G spectrum bidding process. It has shown a net worth of Rs 1,97,790 crore as on March 31, 2022. A total of 72,097.85 MHz of spectrum worth at least Rs 4.3 lakh crore will be put on the block during the auction. The auction will be held for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and high (26 GHz) frequency bands.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
