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Telecom operators deposit earnest money for spectrum auction
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#1
The earnest deposit money translate into points that determine the quantum of spectrum blocks a company can bid in the auction process.

RJio has submitted the highest EMD of about Rs 4,500 crore, followed by Bharti Airtel Rs 4,336 crore, Idea Cellular Rs 4,000 crore, Vodafone Rs 3,700 crore, Tata Teleservices Rs 1,500 crore, Reliance Communications Rs 1,175 crore, Telewings (Uninor) Rs 724.95 crore and Aircel Rs 500 crore indicating aggressive bidding in auction rounds, sources said.
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