Jio

Photo: The Financial Express

5G Spectrum Auction: Reliance Jio Leads In Earnest Money Deposit

Reliance Jio has taken lead in earnest money deposit for the 5G spectrum auction scheduled from March 1. Investing Rs 10,000 crore EMD, Jio has been allocated the highest eligibility points (73,007) by the Telecom department. While Airtel deposited Rs 3,000 crore, Vodafone was allocated 6,153 points over its Rs 457 crore EMD. The 2,251.25 megahertz spectrum worth Rs 3.92 lakh crore auction will be in seven frequency bands.

Tue, 23 Feb 2021 - 08:01 PM / by Ronit John

Tags
Department of Telecommunication
Jio
5G
5G spectrum
Reliance Jio
Telecom industry
Courtesy
The Telegraph

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