Jio, Airtel, Vodafone Idea deposit Rs 4,350 cr ahead of spectrum auctions

The three private sector telecom operators – Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) – have collectively deposited ₹4,350 crore as earnest money deposit (EMD) for the upcoming spectrum auctions, according to auction-related documents uploaded by the Department of Telecommunications (DoT) on Thursday.

In the previous spectrum auction, DoT had received total EMD of ₹21,800 crore.