Ambani and Adani: Asia’s richest men battle to dominate 5G in India


While R-Jio emerged as the largest bidder, buying spectrum worth $11bn, the Adani group spent only about $26m. Ashwini Vaishnaw, India’s telecoms minister, said 71% of a total 72 GHz spectrum on offer was sold according. While both Bharti Airtel and R-Jio are said to have bid for pan-India airwaves, cash strapped Vodafone Idea spent only in priority sectors.