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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. 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.



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