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Cabinet has approved the much-anticipated auction of 72GHz of 5G spectrum across various frequency bands in India. The spectrum reserve price remains unchanged from the telecom regulator's April 2022 recommendations.
Bharti Airtel plans to reach its 300 average revenue per user (ARPU) target in five years. It expects the next tariff hike, which is expected this year, to push the company's APRU above the 200 mark.
The government articulated that it would prefer the companies to be managed by current promoters. However, it plans to liquidate its role in future.
The approved proposals entail a total investment of Rs. 3,345 crores which will be rolled out over the next 4.5 years as part of the PLI scheme whose financial outlay was notified to be Rs.12,195 crores over a period of five years.
The test was conducted at the outskirts of Delhi/NCR, in Bhaipur Bramanan, using the 5G trial spectrum allotted to Airtel by the Department of Telecom.
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