This is how much earnest money Reliance Jio and Airtel have put for 5G auction

India’s largest telecom operator Reliance Jio Infocomm has submitted earnest money deposit (EMD) of Rs 14,000 crore ahead of its participation in 5G auction, while Bharti Airtel has put in Rs 5,500 crore. According to the list of pre-qualified bidders posted on the telecom department’s website, the EMD amount of Adani Data Networks stands at Rs 100 crore.
Typically, EMD amounts give a broad indication of players’ appetite, strategy and plan for picking up spectrum in an auction. It also determines the eligibility points, through which telcos target specific amount of spectrum in a given circle.
Vodafone Idea has put in an EMD of Rs 2,200 crore.
With its EMD at Rs 14,000 crore, the eligibility points assigned to Jio for the auction stand at 1,59,830, the highest in the list of four bidders.