5G in India coming soon: Modi govt clears proposal to auction spectrum
2 years, 6 months ago

5G in India coming soon: Modi govt clears proposal to auction spectrum

India TV News  

Highlights 5G airwaves' auction will likely take place by the end of July 5G services have the potential to create new age businesses The govt today also ended mandatory requirement to make upfront payment by successful bidders 5G in India: The Union Cabinet on Wednesday approved a proposal to conduct the auction of spectrum for 5G telecom services, an official statement said. "The Union Cabinet chaired by Prime Minister Narendra Modi has approved a proposal of the Department of Telecommunications to conduct spectrum auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises," the release said. No upfront payment Continuing the pace of telecom sector reforms, the Cabinet announced various progressive options with regard to the spectrum auction, for facilitating ease of doing business. Telecom regulator Telecom Regulatory Authority of India, in April, had recommended about a 39 per cent reduction in the reserve or floor price for the sale of 5G spectrum for mobile services.

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