Seven telecos deposit ₹15k cr for spectrum bid
According to reports, seven telecom operators, including Reliance Jio, Idea Cellular, Vodafone and Bharti Airtel, have deposited ₹15,000 crore as earnest money deposit with the Telecom Department for the upcoming spectrum auction. This year's earnest money is lower than the previous year's ₹20,435 crore. The auction, scheduled for October 1, will include mobile frequencies in all bands.