Trai cuts 5G spectrum reserve prices by up to 37% ahead of auctions

New Delhi: The Telecom Regulatory Authority of India (Trai) has slashed reserve prices of 5G spectrum by 7-37% across bands for the upcoming auctions while also recommending lower entry barriers for new players, in a bid to spur demand and boost sale proceeds.

The regulator also asked the Department of Telecommunications (DoT) to initiate action for taking back spectrum held by Aircel, Reliance Telecom and Reliance Communications, which are engaged in insolvency proceedings, and put the airwaves on sale in the upcoming auction.