Start Of New A Era For India: Telecom Minister On 5G Spectrum Auction
NDTV
India 5G Auction: Cabinet has approved 5G auctions at reserve prices recommended by the sector regulator TRAI. TRAI had recommended around a 39 per cent cut in the reserve or floor price for the sale of 5G spectrum for mobile services.
The spectrum auction for 5G services marks the beginning of a new era for Indian telecom, Communications Minister Ashwini Vaishnaw said today.
The comment assumes significance as the Union Cabinet has approved the modalities for holding 5G spectrum auction, and 72 GHz of radio waves will be put on the block by July-end.
Spectrum auction will commence on July 26, 2022.
The Cabinet also decided to enable the development and setting up of 'Private Captive Networks' to spur a wave of innovation in new-age industry applications such as machine-to-machine communications, Internet of Things (IoT), Artificial Intelligence (AI) across automotive, healthcare, agriculture, energy, and other sectors.
