Bharti Airtel has deposited Rs 5,500 crore as earnest money deposit (EMD) for the 5G spectrum auction. EMD amounts give a broad indication of the company’s plan for picking up the spectrum in an auction. The EMD determines the eligibility points, through which telcos target a specific amount of spectrum in a given circle.
With its EMD at Rs 5,500 crore, the eligibility points assigned to Bharti Airtel for the auction stand at 66,330.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
