Spectrum bid: Jio pays EMD of 3K cr

RELIANCE JIO, India's largest telecom service provider submitted the maximum earnest money deposit (EMD) of 3,000 crore for the upcoming spectrum auction on June 6. This is despite none of Jio's licences need renewal.

- 

In contrast, competitors Bharti Airtel and Vodafone Idea (Vi) require spectrum renewals in some circles during the auction. Bharti Airtel deposited 1,050 crore, while Vi deposited 300 crore. All three private companies will compete for 96,317.65 crore worth of 5G airwaves across various bands, including 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz.