wordpress blog stats
Connect with us

Hi, what are you looking for?

Telcos put in earnest money deposit for March auctions; Jio’s deposit stands at Rs 10,000 crore

Telecom operators have deposited their Earnest Money Deposits (EMDs) for the upcoming spectrum auctions, the Department of Telecommunications announced on Thursday. The auction is for spectrum in the bands of 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHZ. and 2500 MHz, according to the department. Jio has provided the highest EMD, at Rs 10,000 crores, almost triple the amount of its two competitors (Airtel and Vi) put together.

The Economic Times reported that this is partly due to the Reliance Industries-owned telco needing to renew existing spectrum. These three telcos are now pre-qualified to bid next month. BSNL is not expected to participate in the upcoming auction, as it has not placed an EMD.

No 5G airwaves are expected to be purchased by telcos, even as the government reportedly gears up to auction trial spectrum for the new technology. Jio is reportedly expected to purchase renewals for spectrum in the sub-gigahertz 800MHz band, as well as airwaves it acquired from the now-defunct Reliance Communications.

Airtel’s EMD stands at Rs 3,000 crore, and Vodafone Idea’s is Rs 475 crores. Eligibility Points are based on the EMD and are considered in the bidding process on top of the offered price. Jio has 73,007 EPs, Airtel has 24,924 EPs, and Vodafone Idea has 6,153 EPs.

Also read

You May Also Like


Airtel on Wednesday announced its own ad platform, Airtel Ads, in a virtual press conference. Terming its new product “powerful brand engagement solution”, the...


Airtel has partnered with the telecom gear maker Qualcomm for its 5G network rollout, the companies announced in a press release on Tuesday. “Through...


Vodafone Idea (Vi) has joined the Transactional Video on Demand (TVOD) bandwagon, in partnership with the music and film streaming company Hungama, which has...


The incentive rates for the Indian government’s Product-Linked Incentive Scheme for telecom and networking products will stand at 6% for the first two years,...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ