Reliance Jio, the telecom arm of Reliance Industries, has bid for the 5G spectrum. The company has submitted a total of Rs. 14,000 crores in earnest money deposit(EMD) for the spectrum bid per the list of pre-qualified bidders released by the Department of Telecommunication (DoT). Bharti Airtel, Reliance Jio’s main competitor, has submitted an EMD of Rs 5,500 crore, while Vodafone Idea, the third-largest participant in the country’s telecom market today, has raised an EMD of Rs 2,200 crore.
When the race is among the top competitors of the country Adani is also on the list. Adani Data Networks, a subsidiary of billionaire Gautam Adani, has also submitted their bid of Rs. 100 crores in EMD for the upcoming 5g spectrum bidding. The latest reports suggest that the auction is scheduled to start on July 26 and all the applicants had to pay a fee of Rs. 1,00,000 as an application fee for the auction.
EMD quantities often provide a general idea of the players’ desire, strategy, and plan for purchasing spectrum in an auction. Additionally, it establishes the qualifying criteria, which telecoms use to aim for a particular quantity of spectrum in a given circle. Jio has been given 1,59,830 eligibility points for the auction, the most of the four bidders, with an EMD of Rs 14,000 crore. Airtel has been given 66,330 qualifying points, while Vodafone Idea has been given 29,370. Based on its deposit, Adani Data Networks earned 1,650 qualifying points.
Radiowaves in several low-frequency bands (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2300 MHz), mid-frequency bands (3300 megahertz), and high-frequency bands will be up for sale (26GHz).
(With PTI Inputs)