New Delhi: The Indian government is likely to auction the 5G spectrum in India in early June this year. Talking to reporters, Telecom Minister Ashwini Vaishnav said that the DoT was working as per the expected deadline and now the focus is on addressing the concerns of the industry around spectrum pricing. Vaishnav said that we are going to work according to our deadline to do the auction.
Read more: Qualcomm, MeitY partner to support Indian semiconductor startups
It is worth noting that the Telecom Regulatory Authority of India, TRAI has drawn up a comprehensive 5G spectrum auction plan worth over Rs 7.5 lakh crore, which includes the base price for radio waves across multiple bands. It will be allotted over a period of 30 years. TRAI’s plan includes auction of one lakh MHz spectrum for a period of 30 years. The auction value of spectrum for 30 years is Rs 7.5 lakh crore. But if the government decides to allot 5G spectrum for 20 years, the total value of the proposed spectrum auction will be around Rs 5.07 lakh crore.
The PTI report also said that TRAI has reduced the price of spectrum by about 39 percent compared to the previous price after telecom operators in the country, Reliance Jio, Bharti Airtel and Vodafone Idea complained about the rates offered. Is. However, the 5G spectrum in India was higher than the global standards. The Telecom Minister said that the Digital Communications Commission will take a final call on the recommendations of TRAI.
It is worth noting that earlier this year reports had said that the auction of 5G spectrum would be held in May this year. However, there was a slight delay after which the regulatory body submitted its recommendations earlier this month.
Read more: Why India, Russia, China gave ‘future of Internet’ declaration a miss
