India set for 5G spectrum auction, Reliance Jio, Bharti Airtel lead the race

Reliance Jio Infocomm has submitted an EMD of Rs 14,000 while Bharti Airtel has put in Rs 5,500 crore.

India set for 5G spectrum auction, Reliance Jio, Bharti Airtel lead the race

With the mega 5G spectrum auction (worth Rs 1.9 lakh crore) beginning from Tuesday amid the tussle over captive private 5G networks, Reliance Jio and Bharti Airtel are set to boost their market share as India prepares for a 5G era.

The four big players in the race -- Reliance Jio, Bharti Airtel, Vodafone Idea and Adani group -- having submitted a combined Rs 21,400 core in earnest money deposit (EMD), are ready with their war chests and strategies for the mega bid, that is likely to be around Rs 1.5 lakh crore if the last two auctions are kept in mind.