: Cabinet clears 5G spectrum auction #finance #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.
Cabinet clears 5G spectrum auction #finance #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 disappointing’ by COAI as telcos were keen on 90% lower prices.
While the 5G spectrum in nine frequency bands will be auctioned to telecom operators like Bharti Airtel and Reliance Jio, the Notice Inviting Applications the bid-related document issued by the Telecom Department said big tech firms for the time being will be allowed to take the 5G spectrum for their captive non-public network on lease from the telecom companies.
The decision on private networks is expected to deal a blow to telcos, which had been arguing that if independent entities are allowed to set up private captive networks with direct 5G spectrum allotment by the telecom department, the business case of TSPs (Telecom Service Providers) will get severely degraded.
Notably, Cellular Operatorp&HX][ۈو[XH
RJH X[ [X[H[HZ[[YۙHYXH] Y[XYYHH ][Y[ۈY^Hۈ H X [H]X[ۋHY[Y[ ZYX[][ۈ HY X[Y [H[X[ Y H[ X܈ Y[]܈Rx& X[Y[][ۈۈX X X[[[[]Yو X[][ۋY X[YZHH[]Hۜ[ [HٝX
H]HY[ YZ[X[][ۈو X [H܈ X][ۜ XXX[K][XX[H[][X][ۜ[[YXX[[[Y[K [H [XH[Y]HY[ [X[][ۈو
Q X [H [H ^Z[] [ܝ H][ ^Z[Y[[ ؈ HݙY[و ][Yˈ
Latest stock market news Twitter alternate of India
0 Reactions React
More posts by @newsMNC
: RBI lifts curbs on Mastercard #finance #StockMarketNEWS #Business Press Trust of India Mumbai The RBI on Thursday lifted the restrictions imposed last year on Mastercard and allowed the global
0 Reactions React
: India has bn opportunity in 0 bn global chip market #finance #StockMarketNEWS #Business Indian semiconductor industry can build materials New Delhi: India has a billion opportunity in
0 Reactions React
0 Comments
Sorted by latest first Latest Oldest Best
Terms of Use Create Support ticket Your support tickets Stock Market News! © babycheers.com2024 All Rights reserved.