Reliance Jio top spender in India's $19 billion 5G spectrum auction


FILE PHOTO: People stand in front of a board depicting 5G network at the India Mobile Congress 2018 in New Delhi, India, October 26, 2018. REUTERS/Anushree Fadnavis

NEW DELHI(Reuters) - Reliance Industries' Jio emerged as the biggest spender in India's $19 billion 5G spectrum auction, with the top telco player winning airwaves worth $11 billion as the world's no.2 mobile market gears up for the high-speed wireless network.

India's government aims to begin the rollout of 5G - which it says can provide data speeds about 10 times faster than 4G - by October this year. Globally, the next generation network is seen as vital for emerging technologies like self-driving cars and artificial intelligence.

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