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5G spectrum auction likely to be held in early June, says telecom minister
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  • 5G spectrum auction likely to be held in early June, says telecom minister

5G spectrum auction likely to be held in early June, says telecom minister

Press Trust of India • April 28, 2022, 14:48:39 IST
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TRAI has mooted a mega auction plan valued at over Rs 7.5 lakh crore at the base price across multiple bands for radio waves allocated over 30 years, said Ashwini Vaishnaw

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5G spectrum auction likely to be held in early June, says telecom minister

New Delhi: The government is likely to hold 5G spectrum auction in early June, telecom minister Ashwini Vaishnaw said on Thursday. The minister said that the department of telecom is working as per expected timeline and the process is on to resolve industry concerns around spectrum pricing. Asked about the schedule of the spectrum auction, Vaishaw said that it is expected to be in early June. Setting the stage for the rollout of 5G services, telecom regulator TRAI has mooted a mega auction plan valued at over Rs 7.5 lakh crore at the base price across multiple bands for radio waves allocated over 30 years. “We are very much as per our timeline to conduct the auction,” Vaishnaw said. The minister said that the Digital Communications Commission will take a call on TRAI recommendations and approach them for clarification. The watchdog has recommended a mega auction plan of over Rs 7.5 lakh crore for over 1 lakh megahertz spectrum in case the government allocates it for a period of 30 years. In case of 20 years, the total value of the proposed spectrum auction will stand at around Rs 5.07 lakh crore at the reserve price, according to the back-of-the-envelope calculation. While TRAI has reduced spectrum price by about 39 per cent compared to last price, telecom operators have said that the recommended rates are higher than global benchmarks. Read all the Latest News , Trending News , Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

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Technology Mobile telecommunications Minister Department of Telecom Telecom Minister Wireless telecommunications Spectrum Auctions 5G 5G services Digital Communications Commission Ashwini Vaishnaw
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