India's Reliance Jio tops Airtel, Vodafone in 5G auction spending

New Delhi touts superfast mobile as key to becoming a $1tn digital economy

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Reliance Industries' Jio emerged as the biggest spender in India's $18.9 billion 5G spectrum auction. © Reuters

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- Leading Indian telecommunications company Reliance Jio Infocomm has purchased nearly more airwaves than rivals Airtel and Vodafone combined in the country's maiden auction of 5G spectrum beginning last week.

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