With the Union Cabinet approving the proposal to conduct a spectrum auction, India is soon to get a strong ecosystem for the launch of 5G services which will likely to about 10 times faster than 4G.
To boost digital connectivity, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal of the Department of Telecommunications to conduct a spectrum auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises. IT Minister Ashwini Vaishnaw said the 5G spectrum auction is the beginning of a new era for the Indian Telecom.
Taking to Twitter, Vaishnaw said, “Moving forward with PM Narendra Modi ji’s vision of a Digital India. Spectrum auction announced today is an integral part of developing the ‘Bharat Ka 5G’ ecosystem. No mandatory requirement to make upfront payment by the successful bidders. Payments in 20 equal annual instalments. Relief in bank guarantee.”
“In line with the Telecom Reforms in September 2021, zero Spectrum Usage Charges (SUC) on the spectrum acquired in the upcoming auction. Continuing the Telecom Reforms, development and setting up of Private Captive