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Construction : Telecom | October 2016 | Source : Infrastructure Today

Spectrum auction nets Rs.14,000 crore in deposits

Seven telecom operators have deposited Rs.14,653 crore as earnest money for the largest spectrum auction from October 1. The Department of Telecommunications (DoT) has said that Reliance Jio, Bharti Airtel, Idea Cellular and Vodafone can bid in any spectrum band in any of the telecom circles in the country. There are 22 telecom circles in India. The maximum earnest money deposit (EMD) of Rs.6,500 crore was submitted by Jio.

Vodafone India has submitted EMD of Rs.2,740 crore, followed by Idea Cellular´s Rs.2,000 crore and Bharti Airtel´s Rs.1,980 crore. While they can bid in any circle, they may not be able to bid for the 700-MHz band. EMD indicates a company´s strategy to bid in specific circles and spectrum bands. It gives them points with regard to circles and bands.

 
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