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Motilal Oswal Report
The Department of Telecom announced its list of prequalified bidders for the upcoming 5G auction, along with the earnest money deposit as per the respective telco’s bidding requirement.
The EMD announced by the participants (typically the maximum auction participation is 8- 10 times of the EMD), underscores sizeable 5G participation by each telco, except the Adani Group, but limits the possibility of a bidding war.
Telcos have offered a sizeable EMD in a bid to create a reasonable war chest to combat any aggression ahead of the 5G auction.
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