The auction of radio waves used for mobile services saw a muted opening on Tuesday, with five rounds attracting bids worth about Rs 11,000 crore from telecom companies.
Reliance Jio has deposited the highest earnest money of Rs 3,000 crore for the spectrum auction. Bharti Airtel has submitted an EMD of Rs 1,050 crore and Vodafone Idea of Rs 300 crore.