Telcos urge Centre to cut spectrum prices ahead of auction, cite weak 5G returns

New Delhi: Ahead of the next spectrum auction, the telecom industry body COAI has urged the government to lower bid prices, saying service providers have yet to recover their huge investments in 5G infrastructure, according to an official.

Speaking with PTI on the sidelines of the recently held COAI Digicom Summit, Cellular Operators Association of India (COAI) Director General S P Kochhar said that the industry expects the government to consider the humongous investment made by telecom operators in 5G, without any return on investment.