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Spectrum auction plan
Why is it in the news?
- The Digital Communications Commission (DCC) approved plans to auction over 8,300 MHz of spectrum.
- The auction also includs airwaves that to be used for offering 5G services, with a reserve price of ₹5.22 lakh crore.
More in the news
- No Reduction in Service Price:
(1) There has been no reduction in the reserve price, as demanded by telcos, for the airwaves that will be put to bid in March/April 2020.
(2) This is seen as a setback to the telecom service providers (TSPs).
- In the auctions, the telcos will need to pay lower upfront amount in case the spectrum won by them is not be available with the DoT in the next 30-day period.
- Upfront payment: As per the earlier rules, successful bidders had to pay upfront 25% of the charges for sub-1 Ghz band and 50% of charges for higher frequency bands.
Source
The Hindu.