Business Standard

Sunday, December 22, 2024 | 02:00 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Spectrum auctions in 2022 to facilitate roll-out of 5G services: FM

The government will conduct a spectrum auction this year, which will facilitate the roll-out of 5G services by private telecom operators during the financial year 2022-23, Finance Minister said

Photo: Bloomberg

Photo: Bloomberg

Press Trust of India New Delhi

The government will conduct a spectrum auction this year, which will facilitate the roll-out of 5G services by private telecom operators during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday.

"Spectrum auctions will be conducted in 2022 to facilitate the roll-out of 5G mobile services within 2022-23 by private telecom providers," Sitharaman said.

She said the telecommunications sector in general and 5G, in particular, can enable growth and offer job opportunities.

"A scheme for design-led manufacturing will be launched to build a strong ecosystem for 5G as part of the production-linked incentive scheme," the FM said.

She said that to enable affordable broadband and mobile service proliferation in rural and remote areas, 5 per cent of annual collections under the universal service obligation fund will be allocated.

 

"This will promote R&D and commercialisation of technologies and solutions. Our mission is that all villages and their residents should have the same access to e-services, communication facilities and digital resources as urban areas and their residents," FM said.

She added that the contract for laying optical fibre in all villages, including remote areas, will be awarded through the BharatNet project through PPP in 2022-23.

"Completion is expected in 2025. Measures will be taken to enable better and more efficient use of the optical fibre," FM said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 01 2022 | 12:32 PM IST

Explore News