Reliance Jio stands to benefit the most from the move.
Reserve price for 700 MHz band spectrum has been slashed by nearly 43% to Rs 6,568 crore. The reserve price for the spectrum in this band was set at Rs 11,485 crore in the previous round of auction in 2016.
Moreover, Jio stands to benefit the most from the reduction in reserve price as it is the only player that has cash. The others are reeling under debt and losses, and may not have the appetite for new spectrum purchases.
