In order to provide relief to telecom service providers the Department of Telecommunications (DoT) has scrapped 3 per cent floor rate on spectrum usage charges.
Get latest articles and stories on Business at LatestLY. In order to provide relief to telecom service providers the Department of Telecommunications (DoT) has scrapped 3 per cent floor rate on spectrum usage charges. Business News | DoT Gives Relief to Telcos; Scraps Spectrum Usage Charge Floor Rate.
New Delhi, June 15 (IANS): The Union Cabinet on Wednesday approved the Telecom department’s proposal to conduct a spectrum auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises. A total of 72097.85 MHz of spectrum with a validity period of 20 years will be put to auction to be held by the end of July, 2022. The auction will be held for spectrum in various Low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), Mid (3300 MHz) and High (26 GHz) frequency bands. It is expected that the Mid and High band spectrum will be utilised by Telecom Service Providers to roll-out of 5G technology-based services capable of providing speed and capacities which would be about 10 times higher than what is possible through the current 4G services. The Cabinet announced various progressive options with regard to the spectrum to be acquired by bidders through the forthcoming spectrum auction for facilitating ease