financetom
Business
financetom
/
Business
/
5G rollout in India likely to be delayed as cabinet nod awaited
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
5G rollout in India likely to be delayed as cabinet nod awaited
Jun 6, 2022 12:14 PM

The fact that the Prime Minister's Office (PMO) is batting for the first 5G call to be made on Independence Day is widely known and has been motivating the Department of Telecom (DoT) to work tirelessly, but can the August 15 target be achieved?

The Digital Communications Commission (DCC) approved the bulk of the TRAI recommendations on May 17 and it was anticipated that cabinet will take it up for approval and grant its nod in the following week. However nearly 3-weeks after the DCC decision the cabinet nod is still awaited.

The DCC had approved 35 percent cut in spectrum prices as compared to industry demand of 90 percent cut. It also approved 20 year spectrum holding period and excluded 27.5-28.5 Ghz band from the upcoming 5G auctions.

The DCC going against TRAI’s recommendation also decided to auction spectrum for captive 5G networks. The Big Tech industry has vehemently opposed this decision and has asked the DoT to reconsider.

Big Tech companies argue that to realise the digital potential, 5G spectrum for private networks should be at nominal rates or free of cost instead of auctions. They say buying spectrum at reserve prices would make it unviable for private networks.

Watch video for more.

First Published:Jun 6, 2022 9:14 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With Bitcoin Mining Stock Bitfarms?
What's Going On With Bitcoin Mining Stock Bitfarms?
May 13, 2024
Shares of Bitcoin (CRYPTO: BTC) mining company Bitfarms Ltd ( BITF ) are trading lower. The company on Monday announced the termination of its CEO. What Happened: Bitfarms ( BITF ) announced in late March that Geoffrey Morphy would continue serving as president and CEO pending an executive search for a replacement. The company on Monday announced Morphy’s termination, effective...
Update: GameStop Shares Surge After 'Roaring Kitty' Returns
Update: GameStop Shares Surge After 'Roaring Kitty' Returns
May 13, 2024
09:46 AM EDT, 05/13/2024 (MT Newswires) -- (Updates to add recent stock move in the headline and first paragraph.) GameStop ( GME ) shares were up more than 68% in recent Monday trading after Roaring Kitty, the social media persona that sparked a massive stock rally with the videogame retailer in 2021, returned online for the first time in three...
Shopify, Avalara Expand Partnership to Enable Merchants to Automate Global Tax Compliance
Shopify, Avalara Expand Partnership to Enable Merchants to Automate Global Tax Compliance
May 13, 2024
09:48 AM EDT, 05/13/2024 (MT Newswires) -- Shopify ( SHOP ) and cloud-based tax compliance automation provider Avalara have expanded their partnership to enable Shopify ( SHOP ) merchants to manage and automate global tax compliance, Avalara said Monday. Avalara said that by joining the Shopify Tax Platform it can now serve all Shopify ( SHOP ) customers with their...
MKS Instruments Plans to Offer $1 Billion in Private Placement of Convertible Senior Notes Due 2030
MKS Instruments Plans to Offer $1 Billion in Private Placement of Convertible Senior Notes Due 2030
May 13, 2024
09:49 AM EDT, 05/13/2024 (MT Newswires) -- MKS Instruments ( MKSI ) shares were down 5.4% in recent Monday trading after the company said it plans to offer $1 billion aggregate principal amount of convertible senior notes due 2030 in a private placement, subject to market conditions. The technology services company said it expects to grant initial purchasers an option...
Copyright 2023-2026 - www.financetom.com All Rights Reserved