Jio puts in highest EMD, Adani's bid of Rs 100 crore indicate restricted bidding

Jio has been assigned 1,59,830 eligibility points for the auction, the most of the four bidders, with an EMD of Rs 14,000 crore.

Reliance Jio(JIO) has put down earnest money that is 2.5 times more than that of Bharti Airtel(Airtel) and nearly 6.3 times than that of Vodafone Idea(Vi), which provides an idea of how the 5G auction is likely to play out.

Jio's deposit worth Rs 14,000 crore is almost 100 times greater than Adani Data Networks' deposit worth Rs 100 crore, suggesting that the latter will only participate in the auction for lower-priced spectrum.

Vi has submitted an EMD of Rs 2,200 crore, according to the list of Pre-qualified bidders published on the telecom department's website. Rs 5,500 crore has been contributed by Airtel.

Jio has been assigned 1,59,830 eligibility points for the auction, the most of the four bidders, with an EMD of Rs 14,000 crore.

EMD quantities typically provide a general idea of the players' desire, strategy, and plan for purchasing spectrum in an auction. Additionally, it establishes the eligibility points, which allow telecoms to focus on a particular amount of spectrum inside a given circle.

Airtel has been given 66,330 eligibility points, while Vodafone Idea has been given 29,370. Based on its deposit, Adani Data Networks earned, 1,650 qualifying points.

The auction is expected to feature a total of 72 GHz of spectrum valued at nearly 4.3 lakh crore. The 5G spectrum auction is slated to begin on July 26.