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Reliance Jio submits highest EMD of Rs 3,000 cr for spectrum auction

16May

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Reliance Jio submits highest EMD of Rs 3,000 cr for spectrum auction

New Delhi, May 16, 2024. Reliance Jio has deposited the highest earnest money of Rs 3,000 crore for the upcoming spectrum auction, which gives the company the potential to bid for maximum radiowaves, according to details published by the Department of Telecom on Thursday. According to pre-qualified bidder details released by the DoT, Bharti Airtel has submitted the earnest money deposit (EMD) of Rs 1,050 crore and Vodafone Idea (VIL) of Rs 300 crore. Companies get points based on the EMD amount they have deposited, which enables them to bid for the number of circles and quantity of spectrum they want. Higher points mean a higher capability to place bids.

Reliance Jio now world’s top mobile operator by data traffic, beats Chinese rival

New Delhi, April 25, 2024. India’s number one telco Reliance Jio has now emerged as the world's largest mobile operator in Data traffic consumption. The total traffic on the Jio network has reached 40.9 Exabytes compared with China Mobile’s 38 Exabytes during the January-March quarter, according to global analytics firm Tefficient.

Achieved 5G rollout obligations in all circles, ready for testing: Reliance Jio tells Govt

New Delhi, August 03, 2023. After months of 5G network rollout across the country, India's largest telco Reliance Jio has informed the government that it has achieved 5G rollout obligations in all circles, and is ready to be tested as per stipulated parameters. Mukesh Ambani-led Reliance Jio has sent out a communication to the Telecom Department (DoT) term cell informing them about rollouts achieved in all circles, according to sources who said that in the next step, the term cells will pick 10 per cent sites for testing. Once the test results meet the required parameters, the certificate about completion of rollout obligation is issued, they explained.