Speaking at the Telecom Investors' Round Table on July 30, Union IT and Telecom Minister Ashwini Vaishnaw had said that 5G rollout is expected in the beginning of October.
He further noted that Prime Minister Narendra Modi had made it clear that India's telecom sector needed to be reformated and globally benchmarked, and for this, the central government should do whatever it takes.
Prime Minister Narendra Modi will now launch 5G services in India during the inauguration of the Indian Mobile Congress in Delhi on Saturday morning.
“From the very beginning, we went with the thought that India's telecom industry should be made in sync with the global benchmark and for this marathon efforts are being made by the government,” he said.
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India’s regulatory should be a benchmark for the world, he added.
Vaishnaw stated that the country's federal government recently issued two significant statements, in which a choice was made about the BSNL restoration plan.
A historic choice has also been made for the telecom tower at the same time. Instead of taking a year, telecom tower approval now takes just a few minutes. Only 25 percent of tower permits require several days.
He noted that, “we are at the stage where the industry has more or less come out of the legacy issues and can enter a growth phase. Industry is looking to spread itself to far flung areas and improve quality. Goal is for each and every person to get digital connectivity, and to make sure we work towards inclusive growth. Benefits of development should be available 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 the companies as soon as the 5G spectrum auction is over. Within 1.5 to 2 years after implementation, we anticipate a strong presence of 5G, he said.
“Industry is now in a growth phase. Industry has committed 149966 towards the 5G auctions,” he informed.
Around 71 percent of the overall spectrum put up for auction has been sold, according to information provided yesterday by the Union Minister of IT and Telecom. He deemed it to be an excellent reaction.
Ahead in the race is Reliance Jio, followed by Gautam Adani's firm, Vodafone-Idea, and Bharti Airtel. The auctions are likely to continue tomorrow. There have been 30 rounds of bidding in auctions so far.
Seven rounds of bidding took place on day five. 149,967 crore rupees have been bid in total up to this point.
First Published: Jul 30, 2022 8:33 PM IST
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