Speaking at the Telecom Investor Roundtable on Saturday, Union IT and Telecom Minister Ashwini Vaishnaw said 5G rollout was expected in early October.
He further noted that Prime Minister Narendra Modi has made it clear that India’s telecom sector needs to be reformed and benchmarked globally, and for that, the central government should do whatever it takes.
The country’s ongoing auction for 5G (5th generation) spectrum entered its fifth day today. According to Vaishnaw, “The spectrum auction is nearing its end and when it is completed, it will be a landmark event in India’s history.”
“From the beginning, we thought that the Indian telecom industry should be in sync with the global benchmark and for this marathon, efforts are being made by the government,” he said.
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Indian regulations should be a benchmark for the world, he added.
Vaishnaw said that the country’s federal government recently issued two important statements, in which a choice was made regarding the restoration plan for BSNL.
A historic choice was also made for the telecom tower at the same time. Instead of taking a year, telecom tower approval now only takes a few minutes. Only 25% of tour permits require multiple days.
He noted that “we are at a stage where the industry is more or less out of legacy issues and can enter a growth phase. The industry is looking to expand to remote areas and improve quality. The goal is for every person to gain digital connectivity and ensure that we are working towards inclusive growth. The benefits of development should be accessible to all.
“We have service, but we need quality services, and that’s where the next round of effort will be,” he added.
According to Ashwini Vaishnaw, the spectrum will be allocated to companies as soon as the 5G spectrum auction ends. Within 1.5 to 2 years after implementation, we expect a strong presence of 5G, he said.
“The industry is now in a growth phase. The industry has committed 149966 for the 5G auction,” he informed.
Around 71% of the global auctioned spectrum has been sold, according to information provided by the Union’s IT and telecommunications minister yesterday. He thought that was an excellent reaction.
Leading the race is Reliance Jio, followed by Gautam Adani’s company, Vodafone-Idea and Bharti Airtel. Bidding is expected to continue tomorrow. So far there have been 30 betting rounds in the auction.
Seven betting rounds took place on the fifth day. Rs 149,967 crore has been offered in total so far.
First post: STI