Broadband India Forum seeks lower reserve prices for 5G spectrum auction

Echoing the telecom industry’s concerns, the broadband industry body on Wednesday said that the reserve prices for the upcoming 5G auctions need to be lowered to ensure a faster roll out of mobile internet services.

Speaking on the sidelines of the 5G India 2019 summit, T V Ramachandran, president for Broadband India Forum (BIF), said that higher teledensity is directly proportional to economic growth.

While he was in favour of rolling out 5G services in India soon, he felt that the reserve prices need to be lower in order to ensure higher offtake and better participation from telcos.