Indian Finance minister stated earlier today (1st February 2022) that the nation will begin 5G airwaves auction later this year. With this schedule, the next generation of telecommunications will begin rolling out in India by the end of March 2023.
According to a Reuters report, the news arrives as New Delhi is aiming on offering incentives to accelerate the 5G networking in the country. In a statement, Peeyush Vaish, partner and telecom sector leader at Deloitte India stated that “The (5G) roll-out across the country will also happen much faster than other previous generation roll-outs considering the fact that the finance minister in her speech has also talked about fiberisation of all villages by 2025.”
Back in November 2021, we had reported on the government delaying the 5G auctions with telecom operators like Jio, Airtel, and Vodafone Idea received a six months trial expansion. In other words, this news is also in line with our previous report. Notably, the three major carriers in India are also rushing to roll out their respective 5G networks, with Jio claiming that it will be the first operator to launch 5G services in India.
As of right now, the country has more than a billion wireless subscribers and its market potential has led to tech giants like Facebook and Google to invest billions into the region as well. Interestingly, Google and Facebook have poured together 10 billion US Dollars into Reliance Jio, which is the the largest mobile operator, back in 2020. Although, the Search Engine giant has also invested 1 billion US Dollars into its rival Bharti Airtel just last month.
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