Jio holds the key to spectrum auction revenue

Reliance Jio holds the key to the amount the government will be able to mop up in the 5G spectrum auction, which begins on Tuesday. If the company goes for conservative bidding for the 800 Mhz band, the total mop up by the government, along with the bids of Bharti Airtel and Vodafone Idea, could be as low as Rs 14,000 crore, against spectrum worth Rs 96,000 crore at the reserve price. This would mean that only 14% of the total available spectrum would get sold.