Almost two months ago, the Indian Government confirmed that the 5G spectrum auctions will be conducted this year, although, a timeline was never fixed. Following this, reports hinted at the auctions commencing in May, but it turns out, there will be a minor delay as the 5G auctions might take place in June.
As per a report by The Economic Times, the telecom minister Ashwini Vaishnaw has suggested that the 5G spectrum auctions will be held in June. However, the exact dates are still under wraps. This comes after the government’s need to start the initial launch of 5G in India, most likely on August 15. The commercial rollout is expected between 2022 and 2023.
That said, the telecos still deem these prices expensive and expect a 90% cut in the reserve price of 5G airwaves. If that happens, the starting price will be decreased to Rs 49 crore per unit and Rs 657 crore for the 700MHz spectrum.
