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RELIANCE - Reliance Industries News Story

₹1906.4 5.3  0.3%

Last Trade - 11:29am

Sector
Energy
Size
Large Cap
Market Cap £114.73bn
Enterprise Value £128.94bn
Revenue £44.86bn
Position in Universe 1st / 3108

BUZZ-India's Reliance up as it wins airwaves worth nearly $8 bln at auction

Wed 3rd March, 2021 4:30am
** Shares of conglomerate  RELI.NS  rise as much as 1.28% to
2,133 rupees, their highest level since Feb. 26
    ** RELI's telecom unit wins airwaves worth about $8 bln in a
$10.6 billion spectrum auction that closed on Tuesday
 urn:newsml:reuters.com:*:nL2N2L010W
    ** Jio, India's largest telecom firm by subscribers, picked
up a total of 488.35 megahertz (Mhz) in frequency bands of 800
Mhz, 1800 Mhz and 2300 Mhz -India telecoms secretary
    ** Bharti Airtel  BRTI.NS  bought spectrum worth 186.99
billion rupees, while Vodafone Idea  VODA.NS  bought airwaves
for 19.93 billion rupees
    ** BRTI rises 1.1% while VODA shares are down 0.88%
    ** Jio, Bharti say the additional airwaves will help them
serve hundreds of millions of new users, in addition to existing
customers
    ** VODA says its new airwaves will help enhance its 4G
coverage and capacity
    ** RELI has risen 6.08% this year, as of last close

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))
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