Unsold spectrum resulted in Rs 5.4 lakh crore losses, claims BIF

New Delhi: Radiowaves unsold in past auctions cost India an estimated Rs 5.4 lakh crores in economic losses, claimed industry body Broadband India Forum, urging the government to ensure adequacy and “reasonable” rates for upcoming 5G auction.

BIF said the reserve price of 5G spectrum is “too high”, works out to be 4 times higher than other countries and “needs urgent revision”.