Prime\nMinister Narendra Modi-led NDA Government hopes to rake in around $83.8 billion\n(Rs 5.83 trillion rupees) from its latest round of airwaves auction this year.\nThe proposed sale comes at a time when the Indian telecom carriers are\nstruggling amid cut-throat competition which has depleted their earnings while\nforcing some of them to exit the market.<\/p>\n\n\n\n
The Central\ngovernment is planning to sell 8,600 megahertz of telecom airwaves across\nmultiple frequency bands, a telecom ministry official told Bloomberg.<\/p>\n\n\n\n
Spectrum\nauctions which are an important source of revenue for the government in the\npast are coming at a difficult time for India’s mobile phone operators.<\/p>\n\n\n\n
Meanwhile,\nTelecom Minister Ravi Shankar Prasad had last week announced the debut auction\nof fifth-generation (5G) spectrum this year along with trials within 100 days.\nThe minister further said that he would also hold talks with the debt-laden\ntelecom industry to figure out its financial concerns and address them.<\/p>\n\n\n\n
“This\ncalendar year, we should auction. We have adequate spectrum,” Prasad told\nreporters after taking charge of the ministry on June 3.<\/p>\n\n\n\n
Referring\nto the next-generation mobile communications standard that supports faster data\nspeeds, the minister said, “As far as the 5G network is concerned, we will\nstart trials in 100 days.”<\/p>\n\n\n\n
Prasad\naffirmed his commitment to try and bring greater synergies between the IT and\ntelecom ministries.\n\nThe government’s\ndecision to put up an early auction is a significant step as it is a major\nsource of revenue for it. Rs 65,789 crore was raised in the airwaves auction\nheld by the government in 2016-17.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Minister Narendra Modi-led NDA Government hopes to rake in around $83.8 billion (Rs 5.83 trillion rupees) from its latest round of airwaves auction this year. The proposed sale comes at a time when the Indian telecom carriers are struggling amid cut-throat competition which has depleted their earnings while forcing some of them to exit […]<\/p>\n","protected":false},"author":13,"featured_media":2402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"offerexpiration":[],"class_list":["post-2401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=2401"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2401\/revisions"}],"predecessor-version":[{"id":2403,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2401\/revisions\/2403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/2402"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=2401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=2401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=2401"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=2401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}