The Hindu Explains | How much did the government earn from the recently concluded spectrum auction?

The story so far: Tuesday saw the end of India’s first auction of telecommunications spectrum in five years, with the government generating a revenue of ₹77,815 crore from the exercise. Mukesh Ambani-led Reliance Jio accounted for close to 60% of the spectrum bought, followed by Bharti Airtel and Vodafone Idea. On offer was over 2,308 megahertz (MHz) of spectrum valued for the auction by the government at ₹3.92 lakh crore, and bids were successfully received for 37% or 855.6 MHz. The auction lasted less than two days.