Cabinet Ministers on Wednesday have given a green flag to conduct a 5G spectrum auction for telecom services. The auctions will be held in July for the 20 years of tenure.
"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. It is expected that the Mid and High band spectrum will be utilized by telecom service providers to roll out 5G technology-based services capable of providing speed and capacities which would be about 10 times higher than what is possible through the current 4G services," read the press release.
“Broadband, especially mobile broadband, has become (an) integral part of the daily lives of the citizens. This received a big boost through the rapid expansion of 4G services across the country since 2015. Eighty-crore subscribers have access to broadband today compared to ten crore subscribers in 2014,” said the statement.
The bidder can surround the spectrum after 10 years within a reasonable criterion, without any liabilities. the telecom company to make the highest bidding in the auction will have the option to pay for the 5G in 20 EMIs.
The end goal is optimization of internal communication and reducing message transfer timing to increase the speed of growth in machine-to-machine communications, Internet of Things (IoT), Artificial Intelligence (AI) across automotive, healthcare, agriculture, energy, and other sectors.
