: Cabinet clears 5G spectrum auction #FinanceIndia #StockMarketNEWS #Business Rs 4. 3 lakh crore 5G auctions to commence on July 26, 2022 New Delhi: The government will next month auction about

@StockMarketNEWS Mon 20 Jun, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

Cabinet clears 5G spectrum auction #FinanceIndia #StockMarketNEWS #Business
Rs 4. 3 lakh crore 5G auctions to commence on July 26, 2022

New Delhi: The government will next month auction about `4. 3 lakh crore worth of airwaves capable of offering fifth-generation or 5G telecom services including ultra-high-speed internet, and gave its nod for setting up of captive 5G networks by big tech firms.

As much as 72 GHz of spectrum will be put on the block during the auction, set to commence on July 26, 2022.

The auction will be held for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and high (26 GHz) frequency bands.

“The beginning of a new era for Indian Telecom 5G spectrum auction announced,??? Communications Minister Ashwini Vaishnaw tweeted.

Sources said post the auction, the initial rollout of 5G service (about 10 times faster than 4G) could begin from August in a phased manner in the country.

Going by the stipulated base price, the entire spectrum put on the block is worth at least `4. 31 lakh crore, the sources said.

Cabinet has approved 5G auctions at reserve prices recommended by the sector regulator Telecom Regulatory Authority of India (TRAI). TRAI had recommended an about 39% cut in floor price for the sale of 5G spectrum for mobile services, a rate that was earlier labelled ‘deeply disappointind?&H?H??RH?[?????H?Y[??L H????X???????[HH
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