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No plan to cut 5G price: Centre
Why is it in the news ?
- The government does not plan to reduce the reserve price for 5G spectrum even as the telecom industry has been demanding revision of ‘exorbitant’ and ‘unaffordable’ prices.
More in the news
- Communications Minister informed the Lok Sabha that various industry associations, including Assocham, CII and BIF had written to the government about high spectrum auction prices.
- The Minister admitted the ability of telecom operators to pay for spectrum may be constrained.
- The telcos are planning to raise tariffs for voice and data.
- The Central government recently decisided to provide a two-year moratorium on spectrum payment dues, after supreme court asked the already stressed telcos to pay Rs.92,000 crore dues.
Source
The Hindu.