Reliance Jio submits the highest Earnest Money Deposit for upcoming spectrum auction
The 8 telecom operators who have submitted applications for participating in the upcoming spectrum auctions charted to begin on 4th March have submitted their earnest money deposit(EMD). EMD translates to points which can be used by the operator to bid for spectrum blocks in the auction. It turns out that Reliance Jio has paid the highest EMD of around Rs.4500 crore, followed by Bharti Airtel which paid Rs.4336 crore, Idea... Read More