5G drive significant advancement; spectrum base price an issue: Analysts

The much-awaited 5G spectrum auction will bring significant advancements for the industry and consumers, market watchers said on Wednesday, while some felt that the base price for spectrum remains an issue for bidders, who were expecting much lower rates.

The 5G auction and steps outlined for bidding will open up newer avenues for deeper penetration, access and rich user experience, Peeyush Vaish, Partner and Telecom Sector Leader, Deloitte India, said.

He noted that the government has also announced an auction of the millimetre-wave (mm-wave) band, which will not only help in unlocking the true potential of 5G but will also help strategically manage costs for the operators.