EMD reflects Jio May bid for 700 Mhz, Adani to restrict to private network
News: According to information released by the Department of Telecom (DoT), earnest money deposit (EMD) by Jio, Bharti, Vodafone Idea, Adani was at Rs 14000, Rs 5500, Rs 2200, Rs 100 crore, respectively. This enables them to bid for spectrum upto a maximum of ~Rs 1.25 lakh crore, ~Rs 47000 crore, ~Rs 19000 crore and~ Rs 700 crore, respectively.
Views: Two major takeaways are a) Adani’s EMD suggests it will restrict itself to bid for limited spectrum, mainly for private networks – clears the competition concerns for the sector of any intent on entering Consumer telecom; b) Jio’s EMD signifies that it may bid for 700 Mhz to boost its indoor network coverage credential ahead of peers in 5G network setup.
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