June spectrum auction: Jio may spend Rs 12,000 crore, Airtel Rs 8,000 crore

Reliance Jio is expected to spend up to Rs 12,000 crore to acquire spectrum in the upcoming auction, whereas Bharti Airtel’s spending is seen below Rs 8,000 crore. Vodafone Idea may spend around Rs 1,000 crore, according to analysts.

The spectrum auctions are scheduled to begin on June 6.

Jio is once again expected to lead the auction as the telecom operator will be looking to increase its spectrum holding in some circles in the 800 MHz band. The company may also increase its holdings in the 3300 MHz band to 130 MHz across all circles, analysts said.