TRAI Chief Says Spectrum Prices Are Based On Scientific Calculation
TRAI Chairman P D Vaghela on Tuesday asserted that the regulator’s recommendations of a 39 per cent drop in spectrum prices are rational
Amid the industry’s concerns over less-than-expected price cuts, Telecom Regulatory Authority of India (TRAI) Chairman P D Vaghela on Tuesday asserted that the regulator’s recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by “scientific calculations”.
Mr Vaghela said that in view of the huge market potential of 5G, he is confident that the telecom industry will actively take part in the auction.
The chairman expressed hope that the recommended reserve prices will attract bidders in the forthcoming auction.
He also said that the ease of doing business, extensive stakeholder inputs, and facilitating the proliferation of 5G in the country have been the most important drivers for TRAI’s latest stance.
Setting the stage for the rollout of 5G services, telecom regulator TRAI on Monday had recommended a mega auction plan valued at over ₹ 7.5 lakh crore at the base price across multiple bands for radio waves allocated over 30 years.