Spectrum will be awarded to successful bidders to provide 5G services to the public and businesses.

A total of 72097.85 MHz of spectrum with a validity period of 20 years will be auctioned to be held by the end of July 2022. The auction will be held for spectrum in various low frequencies (600 MHz , 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), medium (3300 MHz) and high (26 GHz) frequency bands.

The auction will be for spectrum in various low, mid and high frequency bands.

It is expected that the spectrum will be used by telecom service providers to deploy 5G technology-based services capable of delivering speeds and capacities that would be approximately 10 times greater than current 4G services.

Successful bidders will be permitted to make payment in 20 equal annual installments, duly protecting the Net Present Value (NPV) at the interest rate of 7.2%.

Spectrum acquired through this auction can be returned after a minimum period of ten years. There will be no Spectrum Usage Charges (SUC) for spectrum acquired in this auction.

The DoT initiated the spectrum auction and a Notice of Inquiry (NIA) was issued on June 15, 2022.

In addition, the Cabinet also decided to allow the development and establishment of private captive networks to stimulate a new wave of innovations in Industry 4.0 applications such as machine-to-machine communications, Internet of Things (IoT), artificial intelligence (AI) in automotive, healthcare, agriculture, energy and other sectors.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor