In past, I had written about the operators bidding strategy based on information available at that point in time. Today, DoT has declared the value of the EMD (Earnest Money Deposit) submitted by operators. What is an EMD? This is almost similar to buying chips in a casino for the purpose of making a bet. The higher the value of the EMD more flexibility the bidder will have, to not just bid across all bands, but also to take a large quantum of spectrum. In this note, I am revising my earlier estimates based on the submitted EMD. However, I will like to inform the readers that this is just an attempt to give the most realistic estimate of what the operators can bid in case they decide to consume all their submitted EMD. It does not mean that they will bid on such numbers. Actually, they might decide to bid much less — which we will come to know only after the auctions are over.
Bidding Matrix
Following in the bidding matrix for all the operators based on their submitted EMD. Note all these spectrum numbers are in MHz and on a Pan India basis.
