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Spectrum auction: Telecom operators deposit Rs 15,000 crore as earnest money, Jio files highest amount

Seven Indian telecom operators have reportedly deposited earnest money of about Rs 15,000 crore for the upcoming spectrum. Mukesh Ambani-led Reliance Jio has filed the highest earnest money deposit (EMD) — around Rs 6,500 crore, indicating that the new 4G entrant may aggressively bid for radiowaves despite being one of the leading telcos in terms of spectrum holdings. Bharti Airtel, Vodafone India and Idea Cellular made deposits of around Rs […]

from Telecom Talk http://telecomtalk.info/spectrum-auction-telecom-operators-deposit-rs15000crore/157216/

via: http://telecomtalk.info/spectrum-auction-telecom-operators-deposit-rs15000crore/157216/

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