Jio submits Rs 3,000 crore EMD for auction, three-fold higher than Airtel

New Delhi: Reliance Jio has submitted Rs 3,000 crore as the earnest money deposit (EMD), the maximum amongst the three telecom firms, for the upcoming spectrum auction scheduled to start on June 6. Bharti Airtel has deposited Rs 1050 crore while Vodafone Idea (Vi) has made deposits of Rs 300 crore.