5G spectrum will be auctioned at the end of July.
5G Spectrum Auction: The auction of 5G spectrum will take place at the end of July. A total of 72 GHz will be put up for auction with a validity of 20 years.
The Union Cabinet chaired by Prime Minister Narendra Modi has approved a proposal of the Department of Telecommunications to auction 5G spectrum. at the end of july 5G spectrum (5G Spectrum Auction) will be auctioned. A total of 72 GHz will be put up for auction with a validity of 20 years. The government said that it will be about 10 times faster than 4G. The government said that India is ready to start 5G services sooner than 4G. An official statement said that digital connectivity has been an important part of the policy initiatives of the government through its flagship programs such as Digital India, Start-up India, Make in India and others.
Under the auction of spectrum, a total of 72097.85 MHz will be auctioned. In this, spectrum will be auctioned in the low 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, medium – 3300 MHz and high 26 GHz frequency bands. The spectrum auction will be for 20 years.
It is expected that the mid and high band spectrum will be used by the telecom service providers to roll-out 5G technology based services capable of providing speed. The speed will be around 10 times higher than the current 4G services.
no need to pay in advance
Continuing the pace of reforms in the telecom sector, the cabinet announced various options with regard to spectrum to be acquired by the bidders through the upcoming spectrum auction for the ease of doing business. There is no mandatory requirement to make advance payment by successful first time bidders. Payment for spectrum can be made in 20 equal annual installments to be paid in advance at the beginning of each year.