Amid industry concerns over less-than-expected price cuts, Telecom Regulatory Authority of India (TRAI) chairman PD Vaghela claimed on Tuesday that the regulator’s recommendations of a 39 percent drop in spectrum prices were rational and attractive. are and are supported by “scientific calculations”.
Mr Vaghela said that given the huge market potential of 5G, he is confident that the telecom industry will actively participate in the auction.
The chairman expressed the hope that the recommended minimum prices will attract bidders at the upcoming auction.
He also said that the ease of doing business, extensive stakeholder input and facilitating the spread of 5G in the country have been key drivers for TRAI’s latest stance.
Setting the stage for the rollout of 5G services, telecoms regulator TRAI on Monday had recommended a mega auction plan worth more than Rs 7.5 lakh crore at the base price over multiple bands for radio waves allocated over 30 years.