5G: Jio submits earnest money of ₹14,000 crore, Airtel ₹5,500 crore
By
Biju Kumar
Reliance NSE 0.07 % Jio has submitted earnest money deposit (EMD) of Rs 14,000 crore, the highest among all the companies bidding for 5G airwaves, signalling its aggressive intent in the upcoming auction starting July 26. New entrant Adani Data Networks deposited Rs 100 crore, which possibly underlined its game plan of picking up limited airwaves in select areas for captive networks.