Reliance Industries, leading private sector enterprise with businesses in the energy and materials value chain, announced that Reliance Jio Infocomm (RJIL) has announced that it has successfully acquired the right to use spectrum in 13 key circles across India in the recently concluded spectrum auction conducted by DoT, Government of India. The payment to be made for the right to use this technology agnostic spectrum for a period of 20 years is Rs 100.77 billion.

RJIL plans to provide seamless 4G services using LTE in 800MHz, 1800MHz and 2300 MHz bands through an integrated ecosystem. With this investment, in addition to the pan-India 2300 MHz spectrum, RJIL has spectrum in either 800 MHz or 1800 MHz or both in 20 out of total 22 circles in the country. This combined spectrum footprint across frequency bands provides significant network capacity and deep coverage.

Mukesh D. Ambani, chairman and managing director, Reliance Industries, said, ''Jio's seamless 4G services using proven multi-band LTE technology and supported by our large spectrum footprint will provide superior user experience for voice, video and data services in line with the best service providers in the world.''

Shares of the company declined Rs 2, or 0.24%, to trade at Rs 828.60. The total volume of shares traded was 40,666 at the BSE (10.05 a.m., Friday).