The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company).
It had written to DoT secretary K Rajaraman in this regard on June 18
To address the issue of unsolicited calls, an "important" regulation is in the works, which will enable KYC-identity name of a caller to be displayed, when someone calls, the minister informed.
Global tech giants want the entire 1200 MHz of spectrum in this band delicensed while Indian telcos want it licensed for 5G services
"The government has announced the 5G spectrum auctions, and the rollout is expected from August this year," K Rajaraman said
The pre-bid conference is the first major event in the detailed auction timetable that is mentioned in the bid document.
The government will auction a total of 72097.85 MHz of spectrum with a validity of 20 years by July-end, said an official statement
Move comes as a huge reprieve for telcos, gear makers
Enterprises setting up private captive networks may obtain the spectrum directly from the DoT, says a media report
DoT has exempted "Mobile user equipment/mobile handset", "server", "smart watch", "smart camera" and "point of sale devices" from "prior mandatory testing and certification in respect of parameters"
After meetings with stakeholders, the DoT is looking at various options which include an extension of the deadline
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Tata Communications has said ISPs should be allowed to participate in the 5G auction as they were eligible to bid for BWA (4G) spectrum in the 2010 auction
The Trai had recommended earlier that band between 27.5 GHz to 28.5 GHz should also be auctioned and given for mixed use to telecom operators as well as satellite operator
Modi added that the country should be ready to launch 6G service by the end of the decade
Trai leaves it to DoT to decide on the validity of spectrum assignment, deferment of auction in 27.5 GHz - 28.5 GHz band and quantum of spectrum to be reserved for BSNL/MTNL
It had earlier levied Rs 21 lakh per transponder a year for 36 MHz of spectrum on pro-rata basis
Operators want to import PON equipment to meet the broadband targets, makers say have enough capacity
Telecom companies say that operators prefer to use radios, base stations and other products which work seamlessly for both 4G and 5G networks
While deciding that the spectrum should be auctioned for a period of 20 years, the inter-ministerial panel also decided against alloting spectrum directly to corporate bodies for private 5G networks