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5G Spectrum Auction Live: Round 1 of Bidding Over; Telcos Are Not Aggressive – News18

crores. The 5G spectrums will have a validity of 20 years. Telecom companies will bid on spectrum bands, which are in three categories – Low, Mid, and High. The auction will start today and is said to be wrapped up in the next few days by the end of July. The four participants – Jio, Airtel, Vi, and Adani Networks have all deposited a combined Rs 21,800 crore in Earnest Money Deposit. Reliance Jio has submitted an EMD of Rs 14,000 crore, Airtel has submitted Rs 5,500 crores, Vi has put up Rs 2,200 crores, and Adani Data Networks has deposited Rs 100 crores.

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