Lagatar24 Desk
New Delhi, April 28: Telecom Minister Ashwini Vaishnaw said on Thursday that the government is planning a 5G spectrum auction in early June. The minister stated that the Department of Telecom is on track to meet its deadlines, and that the process to address industry concerns about spectrum price is underway.
When asked about the timing of the spectrum auction, Vaishaw stated it would take place in early June. The telecom regulator TRAI has proposed a big auction proposal worth over 7.5 lakh crore at the base price across various bands for radio waves allocated over 30 years, paving the way for the launch of 5G services.
“We are very much as per our timeline to conduct the auction,” said Ashwini Vaishnaw.
According to the minister, the Digital Communications Commission will make a decision on the TRAI suggestions and contact them for explanation. If the government awards the spectrum for a period of 30 years, the watchdog has advised a major auction plan worth over 7.5 lakh crore for over 1 lakh megahertz spectrum.
According to a back-of-the-envelope calculation, the total value of the proposed spectrum auction will be roughly 5.07 lakh crore at the reserve price if it is held for 20 years.
TRAI has decreased spectrum prices by around 39% compared to the previous price, but telecom companies claim the suggested rates are higher than worldwide standards.
