Reliance Jio Submits Rs. 14,000 Crore Earnest Money Deposit Ahead of 5G Auction

Reliance Jio has submitted an earnest money deposit (EMD) of Rs. 14,000 crore ahead of the upcoming 5G spectrum auction in the country. Rival Bharti Airtel has put in Rs. 5,500 crore, while Vodafone has submitted Rs. 2,200 crore. Meanwhile, the EMD amount of Adani Data Networks, which recently announced it would participate in the auction would be Rs. 100 crore. Here...