Indian telecom companies to pay government for 5G sales

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The deadline for companies to pay for 5G telecom spectrum by the Indian government in a recent auction is today.

Indian telecom companies including Reliance Jio to pay for 5G acquisition today | Photo: Reuters

The deadline for companies to pay for 5G telecom spectrum by the Indian government in a recent auction is today.

The auction awarded frequencies to four Indian telecommunications companies. A total of $19 billion has been paid to the government for the right to use certain radio frequencies to provide the country with 5G services. Reliance Jio, a firm criticized for being pro-Prime Minister Modi and the Bharatiya Janata Party, made the biggest acquisition worth $11 billion. Reliance Jio already controls 37% of India’s mobile telecom market share, and this purchase of 5G telecom rights will grant it about half of all of India’s 5G spectrum.

Expect the sale of spectrum to continue, with the first 5G services expected to be delivered between late 2022 and early 2023. Once operational, the networks will help drive greater growth in India’s digital economy, e-commerce and to further connect the large rural population. with the rest of the country. In the long term, the economic and technological success of India’s 5G networks could give the country greater influence over less technologically developed nations, an area that is already a battleground for the major powers in the Pacific.

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