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5G Development in India - News & Updates

Bapun Raz

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Telecom operator Bharti Airtel on Wednesday said it will not buy 5G spectrum in the upcoming auction if its base price is fixed at Rs 492 crore per megahertz as recommended by the telecom regulator Trai.

The company has stressed balance sheet reeling under debt of Rs 1.14 trillion with liability to clear statutory dues of around 35,500 crore, following a Supreme Court order in October 2019 that upheld the government's stand on calculating levies over telecom licences.

Airtel will not bid for 5G spectrum at Trai recommended price: CEO Vittal
 
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