India’s largest telecom company Reliance Jio has deposited the earnest money for the 5G auction. At the same time, Vodafone Idea, including Adani and Airtel, has also given earnest money for 5G auction (5G Spectrum Auction). In this, Mukesh Ambani’s company Reliance Jio has deposited the maximum amount of 14,000 crores, while Airtel and Adani have given less than half the earnest money.
Who has how much earnest money?
According to the list of pre-qualified bidders posted on the DoT website, Bharti Airtel has invested Rs 5,500 crore to participate in the 5G auction, while Adani Data Networks (Adani Data Network) has invested Rs. Earnest Money (EMD) is Rs 100 crore. Vodafone Idea, on the other hand, has imposed an EMD of Rs 2,200 crore.
who has how many points
The eligibility mark allotted to Jio for the auction with its EMD of Rs 14,000 crore is 1,59,830, which is the highest among the list of four bidders. The eligibility marks allotted to Airtel is 66,330, while that of Vodafone Idea is 29,370. Apart from this, Adani Data Networks has got eligibility marks of 1,650 on the basis of its deposits.
Auction to be held on 26th July
Significantly, the auction of 5G spectrum is scheduled to start from July 26 and a total of 72 gigahertz (GHz) spectrum worth at least Rs 4.3 lakh crore will be placed on the block during the auction. The government is hopeful that the auction of 5G spectrum will deposit a hefty amount with it.
Auction will be held for these frequency bands
The auction was held for radio waves in various low frequency bands (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and high frequency bands (26GHz) Will go