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The Times of India
The Times of India
Business
PTI

5G auction: Jio submits earnest money of Rs 14,000 crore to DoT; Adani Group deposits Rs 100 crore

NEW DELHI: As the race for 5G spectrum auction heats up, billionaire Mukesh Ambani's Reliance Jio has made a Rs 14,000-crore earnest money deposit while rival Adani group made a modest Rs 100 crore deposit.

Earnest money deposit is reflective of the quantity of airwaves a company can bid for in the auction.

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