NEW DELHI—Indian telecom operators bid aggressively in the first government auction for 5G airwaves in the world’s second-biggest wireless market after China.
The battle for next-generation airwaves saw telecom giants Reliance Jio Infocomm Ltd., Bharti Airtel Ltd. and Vodafone Idea Ltd. put in bids worth over 1.49 trillion rupees ($18.6 billion), nearly double the government’s initial estimates.
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