On July 26, India will finally hold 5G spectrum auctions.
Following multiple reports speculating on the likely timing for India’s much-anticipated 5G spectrum auction, the Department of Telecommunications (DoT) has now revealed a timeframe for the auction, which is planned for July 26. Successful bidders will be given a certain amount of 5G spectrum to deliver commercial 5G services to the public and enterprises in the nation.
The 5G spectrum auction in India will take place soon
5G Spectrum Auctions India: The Union Cabinet has authorized a proposal by the Department of Telecommunications (DoT) to hold 5G spectrum auctions, according to a recent report. The Department of Transportation (DoT) issued a notice of inviting applications (NIA) outlining the auction processes.
The cabinet of ministers has resolved to auction the 5G spectrum for a 20-year term. The deadline for applications is July 8. Following that, on July 12, the Department of Transportation is anticipated to disclose the applicants’ ownership information. The auction’s final bidders list will be made public on July 20, and mock auction sessions will be held on July 22 and 23. As previously stated, the final auction is set for July 26.
In terms of the auction details, a total of 72097.85 MHz of 5G spectrum will be auctioned. It will be carried out in numerous low, mid, and high-frequency bands for the 5G spectrum. The low-frequency bands will be between 600 and 2300 MHz, while the mid-frequency band will be 3300 MHz. The auction for high-frequency bands will include a 26 GHz frequency range.
“Spectrum is an integral and necessary part of the entire 5G eco-system. The upcoming 5G services have the potential to create new-age businesses, generate additional revenue for enterprises, and provide employment arising from the deployment of innovative use-cases and technologies,” the government stated in a statement.
The mid-and high-frequency 5G bands are also reported to have the potential to allow telecom operators to deliver network connections with 10 times the speed and capacity of existing 4G technology.
In addition, the authorities underlined that winning bidders are not required to pay in advance. The whole amount may be broken down into 20 yearly payments. For the following 20 years, telecom businesses must pay each of the payments at the beginning of each year. Bidders will also have the option of surrendering their assigned spectrum after ten years with no further obligations in terms of instalment payments.
Furthermore, until June 22, prospective bidders might obtain clarity on specific NIA topics. The explanations, together with their resolutions, will be publicly disclosed on June 30. We expect the commercial deployment to begin this year, now that we have a timetable for the 5G spectrum auctions.
Via: Economic Times
