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5G spectrum will be auctioned by the end of July, the Union Cabinet has approved

New Delhi, June 15 (Agency)

The Union Cabinet approved the modalities for auctioning 5G spectrum. Under this, the auction of 72097.85 MHz spectrum will be done by the end of July. This information was given in an official release on Wednesday. The Cabinet has approved ‘private access networks’ to promote innovation in new-age applications such as machine-to-machine communication, Internet of Things (IoT), artificial intelligence (AI) to be used in the health care sector, agriculture, energy and other sectors. It also decided to approve the establishment and development of “The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal of Department of Telecommunications for spectrum auction under which spectrum will be allotted to successful bidders for providing 5G services to the public and enterprises,” the release said. The government will auction a total of 72097.85 MHz spectrum with a validity of 20 years by the end of July. Apart from this, spectrum auction will also be conducted for various low, medium and high frequency bands. Giving impetus to the reforms in the telecom sector, the Cabinet has also announced several development options related to spectrum auction that will boost ease of doing business. “There will be no compulsion to make advance payment to the successful bidders, this is happening for the first time,” it said. The payment for spectrum will be made in 20 equal annual installments and these advance installments will have to be paid at the beginning of each year.

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