Jio Submits Earnest Money of Rs 14,000 Crore to DoT; Adani Group Deposits Rs 100 Crore

New Delhi, Jul 18: As the race for 5G spectrum public sale heats up, billionaire Mukesh Ambani’s Reliance Jio has made a Rs 14,000-crore earnest cash deposit whereas rival Adani group made a modest Rs 100 crore deposit. Earnest cash deposit is reflective of the amount of airwaves an organization can bid for within the public sale.

While the earnest cash deposit means that Jio, the nation’s largest telecom firm by subscribers, could also be bidding very aggressively within the upcoming auctions, Adani Group could also be seeking to purchase the naked minimal spectrum wanted to arrange a personal community. The earnest cash deposits of all of the 4 candidates looking for 5G radio waves add as much as Rs 21,800 crore, a degree considerably greater than Rs 13,475 crore deposited within the 2021 public sale when three gamers had been within the race.

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A complete 72 GHz (gigahertz) of spectrum value not less than Rs 4.3 lakh crore might be placed on the block throughout the public sale, scheduled to start on July 26. According to data launched by the Telecom Department on Monday as a part of the record of pre -qualified bidders, Reliance Jio has submitted an earnest cash deposit (EMD) of Rs 14,000 crore, the best amongst the 4 gamers in fray for spectrum bidding.

The EMD quantity of Adani Data Networks stands at Rs 100 crore, indicating a muted and restricted spectrum demand from its facet. Earlier this month, billionaire Gautam Adani’s group confirmed it’s within the race to amass spectrum, which it mentioned might be used to create a personal community to assist its companies from airports to energy in addition to knowledge facilities.

Adani Group had made it clear that its intention is to not be within the client mobility area. As per the DoT’s web site, Sunil Mittal-led Bharti Airtel has put in Rs 5,500 crore as EMD, whereas for Vodafone Idea the quantity stands at Rs 2,200 crore.

Typically, EMD quantities give a sign of gamers’ urge for food, technique and plan for selecting up spectrum in an public sale. It additionally determines the eligibility factors, by which telcos goal particular quantities of spectrum in numerous circles. Market watchers say {that a} telco has the flexibility to go after radio waves value as much as 7-8 occasions the EMD quantities submitted by them, though gamers do are inclined to preserve headroom for manoeuvring and suppleness, based mostly on how the public sale proceeds and the technique adopted by rivals.

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An trade professional who didn’t want to be named estimated that based mostly on EMD, Jio can place bids value Rs 1.27 lakh crore, Bharti Airtel Rs 48,000 crore, VIL Rs 20,000 crore and Adani Data about Rs 700 crore. With its EMD at Rs 14,000 crore, the eligibility factors assigned to Jio for the public sale stand at 1,59,830, the best within the record of 4 bidders, in keeping with particulars put out by DoT.

The eligibility factors allotted to Airtel are 66,330, whereas that of Vodafone Idea are 29,370. Adani Data Networks acquired eligibility factors of 1,650, based mostly on its deposit. Promoter Adani Enterprises’ web value has been considered, whereas computing the eligibility of Adani Data Networks, leading to whole web value of Rs 4,979 crore.

The web value of Reliance Jio Infocomm, a subsidiary of Jio Platforms Ltd – the unit that holds the digital belongings of Reliance – stood at Rs 1,97,790 crore. Vodafone Idea has a detrimental web value of Rs 80,918 crore, whereas the paid-up capital is at Rs 32,119 crore.

Bharti Airtel’s web value stood at Rs 75,886.8 crore. The public sale might be held for spectrum in numerous low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and excessive (26 GHz) frequency bands.

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While the 5G spectrum in 9 frequency bands might be auctioned, the Notice Inviting Applications — the bid-related doc issued by the Telecom Department — has mentioned tech corporations might be allowed to take the 5G spectrum for his or her captive private community on lease from the telecom corporations. The bid doc mentioned direct allocation of spectrum to tech corporations will comply with a requirement research and sector regulator’s suggestion on features equivalent to pricing and modalities of such allocation.

In the earlier public sale held in early 2021, Reliance Jio Infocomm had deposited earnest cash quantity of Rs 10,000 crore whereas Bharti Airtel and Vodafone Idea deposited Rs 3,000 crore and Rs 475 crore, respectively. In the public sale carried out final yr, Reliance Jio picked up spectrum value Rs 57,122.65 crore, Bharti Airtel bid about Rs 18,699 crore, and Vodafone Idea purchased spectrum value Rs 1,993.40 crore.


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