The government on Friday approved a plan to auction 8,300 MHz of spectrum, including that of crucial 5G waves, at a reserve price of Rs 5.22 lakh crore in March-April 2020 even as the financially stressed telecom industry has flagged the spectrum prices as being unaffordable.
The telecom ministry’s top decision-maker, Digital Communications Commission, approved Telecom Regulatory Authority of India (Trai) recommendations. We are hopeful that auction shall be conducted in March-April, telecom secretary Anshu Prakash told reporters here. He said the auction will entail sale of spectrum spread over all 22 telecom spread over all 22 telecom circles in the country.
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