Telecom spectrum auction to be held this year, says Ravi Shankar Prasad

By: |
June 3, 2019 2:22 PM

The minister, however, asserted that the telecom corporations will have to respond with professionalism and cooperation.

Ravi Shankar Prasad takes charge as Telecom minister today (ANI Photo)Ravi Shankar Prasad takes charge as Telecom minister today (ANI Photo)

Newly-appointed Telecom Minister Ravi Shankar Prasad Monday said that India will hold spectrum auction for 5G and other bands in the current calendar year.

Taking charge of his new ministry, Prasad said that amongst his priorities will be revival of state-owned MTNL and BSNL. The minister, however, asserted that the telecom corporations will have to respond with professionalism and cooperation.

“We will hold spectrum auction this calendar year,” the minster told reporters. Other issues that will be prioritised by the minister include 5G trials in 100 days, fast tracking of five lakh wifi hotspots, and promoting telecom manufacturing.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1RIL bags another cheque for Reliance Retail; KKR to invest Rs 5,550 crore in Mukesh Ambani’s firm
2India not ready to support free data flow concept: Goyal to G20 ministers
3GE Power India yet to take final call on coal exit