Centre signals telecom companies to be prepared for the 5G launch
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New Delhi: With the successful 5G spectrum allocation, the Union Minister for Telecom Ashwini Vaishnaw requested the telecom companies to be prepared for the launch of 5G telecom services in the country.
The spectrum allocation completion has been officially carried to each telecom company that was a party in the auction through a letter.
Bharti Enterprises, the parent company of Airtel telecommunication, informed that it received the letter of allocation for the designated frequency bands within hours after making an advance payment of Rs 8,312.4 crore towards spectrum dues.
In a statement, Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises, also acknowledged the pace of the works that had been completed without a fuss and praised the ease of doing business as promised by the government.
"No Fuss, No Follow Up, No running around the corridors and No tall claims. This is the ease of doing business at work in its full glory," Mittal's statement read.
Service providers Bharti Airtel, Reliance Jio, Adani Data Networks, and Vodafone Idea have paid the Department of Telecom a total of about Rs 17,876 crore for the spectrum they just acquired in an auction.
The largest telecom spectrum auction in the nation's history attracted bids of a record Rs 1.5 lakh crore, with Mukesh Ambani's Jio securing almost half of the airwaves sold with a price of Rs 87,946.93 crore.