Much-awaited auction for 5G spectrum commences

TIL Desk/Business/Mumbai/ The much-awaited auction for the 5G telecom spectrum commenced on Tuesday. Reliance Jio, Adani group, Bharti Airtel and Vodafone Idea are the four major participants in the auction.

The Union Cabinet chaired by Prime Minister Narendra Modi had recently approved the Department of Telecommunications (DoT)’s 5G spectrum auction through which spectrum will be assigned to bidders to provide 5G services to the public as well as enterprises.

India is expected to get full-fledged 5G services by March 2023, said Union Communications Minister Ashwini Vaishnaw at an event recently. Vaishnaw said that the auction of the 5G spectrum will be completed by July end, adding, “Telecom is the primary source of digital consumption and it is very important to bring trusted solution in telecom. India has its own stack of 4G like radio, equipment, and handset. 4G is ready to deploy in the field and 5G is ready in the lab, and 5G will be ready to deploy in March 2023.”

Also read: Airtel deploys India’s 1st private 5G network amid heated industry debate

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