Synopsis
Vodafone Idea (Vi), financially the weakest of the three private telcos, is said to have put in less than Rs 500 crore, which would enable it to buy spectrum worth ₹2,500-3,500 crore, only in some bands and some circles.
Agencies
At press time, Jio and Vi did not reply to ET’s queries. Airtel declined to comment.
Kolkata | Mumbai: Reliance Jio is said to have deposited earnest money of over ₹9,000 crore, which would give it the option to buy 4G spectrum worth ₹45,000-66,000 crore in the upcoming March auction, underlining the telco’s need to renew expiring airwaves and add spectrum to cater to rising data consumption.