Government is likely to hold 5G spectrum auction in early June, telecom minister Ashwini Vaishnaw said. The Telecom minister said that the Department of Telecom is working as per expect timeline and the process is on to resolve industry concerns around spectrum pricing.
Ask about the schedule of the spectrum auction, Ashwini Vaishnaw said that it is expect to be in early June.
Setting the stage for the rollout of 5G services, telecom regulator TRAI has a mega auction plan value at over Rs. 7.5 lakh crore at the base price across multiple bands for radio waves allocated over 30 years.
Ashwini Vaishnaw Said :
“We are very much as per our timeline to conduct the auction,”.
Ashwini Vaishnaw said that the Digital Communications Commission will take a call on TRAI recommendations and approach them for clarification.
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 propose 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 reduce spectrum price by about 39% compare to last price, telecom operators have said that the recommend rates are higher than global benchmarks.
