Reliance Jio Submits Rs. 14,000 Crore Earnest Money Deposit Ahead of 5G Auction

Jul 18, 2022
Reliance Jio Submits Rs. 14,000 Crore Earnest Money Deposit Ahead of 5G Auction

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India’s largest telecom operator Reliance Jio Infocomm has submitted earnest cash deposit (EMD) of Rs. 14,000 crore forward of its participation in 5G public sale, whereas Bharti Airtel has put in Rs. 5,500 crore. Vodafone Thought has put in an EMD of Rs. 2,200 crore. In accordance with the record of pre-qualified bidders posted on the telecom division’s web site, the EMD quantity of Adani Information Networks stands at Rs. 100 crore. With its EMD at Rs. 14,000 crore, the eligibility factors assigned to Jio for the public sale stand at 1,59,830, the very best within the record of 4 bidders.

The eligibility factors allotted to Airtel are 66,330, whereas that of Vodafone Thought are 29,370.

Sometimes, EMD quantities give a broad indication of gamers’ urge for food, technique and plan for choosing up spectrum in an public sale. It additionally determines the eligibility factors, by way of which telcos goal certain quantity of spectrum in a given circle.

Adani Information Networks acquired eligibility factors of 1,650, based mostly on its deposit. The 5G spectrum public sale is scheduled to start out on July 26.

Complete 72 GHz (gigahertz) of spectrum price a minimum of Rs. 4.3 lakh crore will likely be placed on the block throughout the public sale.

The public sale will likely be held for radiowaves in varied low frequency bands (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 megahertz), and excessive frequency bands (26GHz).

Final week, trade physique COAI mentioned administrative allocation of spectrum for personal 5G networks will likely be in opposition to tenets of degree enjoying area because it lauded use of open bidding and clear public sale route by firms in search of 5G airwaves.

In accordance with COAI, administrative allocation of spectrum for captive 5G networks is in opposition to ideas of degree enjoying area and “successfully supplies a backdoor entry to massive know-how gamers to supply 5G providers and options to enterprises in India” with out equal regulatory compliance and cost of levies that telcos are topic to.


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