Vodafone Idea has deposited Rs 2,200 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 2,200 crore, the eligibility points assigned to Vodafone Idea for the auction stand at 29,370.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
