Indian 5G spectrum auctions will start just in a couple of days. In order to predict how the operators might bid, it will be useful to look at the historical trend of past auctions. While doing so we will also look at the total EMD (earnest money deposit) submitted individually by the operators and how this might impact the overall auction outflow. EMD is important as it restricts the operator’s capability of bidding to only that amount of spectrum which maps to his submitted EMD value. While analyzing this data we will also understand typically how much of the submitted EMD value typically gets consumed by the operators at the end of an auction. Let’s begin.
EMD Past Trend
The following picture provides us with a snapshot of the trend of EMD values for all the past auctions.
