Jio places the biggest EMD in the 5G auction at Rs 14,000 crore, while Adani places Rs 100 crore

• Image Credit: Internet

• Jul 18, 2022 | Kabir Chakraborty

According to the EMD filings on the DoT website, Jio has accumulated 159830 eligibility points with the highest deposits, while Airtel has accumulated 66330. Adani, a recent entry, has 1650 points compared to Vi's 29370 points.

Digital Desk: According to
information released by the Department of Telecommunications (DoT) on Monday,
NSE 1.72 percent (Vi) has made earnest money deposits (EMDs) of Rs 14,000
crore, Rs 5,500 crore, Rs 100 crore, and Rs 2,200 crore, respectively.

The EMDs are a component
of the applications that the applicants submitted to the DoT in order to take
part in the upcoming 5G spectrum sale, which will begin on July 26.

The EMD quantum provides
the applicant with eligibility points, based on which it can target a given
quantum of airwaves in select or all available bands in specific or all
circles, and is therefore a good indicator of a company's bidding strategy and
spectrum purchasing capacity. According to analysts, a telecom can typically
target spectrum in the 5G sale that is worth up to eight to nine times their
individual EMDs.

According to the EMD
filings on the DoT website, Jio has accumulated 159830 eligibility points with
the highest deposits, while Airtel has accumulated 66330. Adani, a recent
entry, has 1650 points compared to Vi's 29370 points.

Depending on the spectrum
cap, all four can bid for any band in any LSA with the current points total.