Spectrum price reform in the works: Telecom minister Ravi Shankar Prasad

Inaugurating the annual India Mobile Congress on Monday, Telecom Minister Ravi Shankar Prasad said the Centre was considering “pricing reforms in the sector”, possibly hinting at making the upcoming spectrum auction, especially in the 5G band, more attractive to the industry. Telecom operators, battling financial stress, have for long voiced their protest against the high base price of 5G spectrum. Most telcos are planning not to bid for 5G unless the government reviews the price.

The three-day telecom summit, which got off to a slow start, was marked by the absence of industry majors including Bharti’s Sunil Mittal and Reliance’s Mukesh Ambani. The two business rivals had shared the dais at the event last year and had turned heads with their contrasting comments on the telecom sector.