See industry investing Rs 2 trn-Rs 3 trn in two years: Telecom Minister

India’s telecom industry is likely to see an investment of Rs 2-3 trillion in the next two years as reforms by the government have removed uncertainty and risks, and provided a stable investment regime, Communications Minister Ashwini Vaishnaw said on Monday.

Buoyed by record bids in the auction of 5G spectrum, Vaishnaw said he expects investments to be infused into both fourth and fifth generation technologies, for providing better voice quality and high-speed data.

On what kind of mobile tariff could be expected by consumers in 5G as operators begin rolling out services from October, the minister told PTI he is of firm belief that the trend of affordable services will continue in India.