According to telecom minister Ashwini Vaishnaw, the government plans to arrange a 5G spectrum auction in early June.
The minister stated that the Department of Telecom is working within the planned timetable and that the process for resolving industry concerns about spectrum pricing is underway.
When asked about the timing of the spectrum auction, Mr Vaishaw stated that it is scheduled to take place in early June.
The telecom regulator TRAI has proposed a big auction proposal worth over 7.5 lakh crore at the base price across various bands for radio waves allotted over 30 years, paving the way for the launch of 5G services.
They are pretty much on schedule for the auction, according to Mr Vaishnaw.
According to the minister, the Digital Communications Commission will make a decision on the TRAI suggestions and contact them for an explanation.
In the event that the government awards it for a period of 30 years, the watchdog has suggested a major auction plan worth over 7.5 lakh crore for more than 1 lakh megahertz spectrum.
According to a back-of-the-envelope estimate, the total value of the proposed spectrum auction at the reserve price will be roughly 5.07 lakh crore in the event of 20 years.
While the TRAI has decreased the price of spectrum by around 39% compared to the previous price, telecom companies have stated that the suggested prices are higher than worldwide standards.