As per industry sources, the Department of Telecommunications (DoT) is likely to ask the Telecom Regulatory Authority of India (TRAI) to lower the minimum price for auctioning 5G airwaves. Further, DoT will reportedly ask the TRAI to review the minimum price of the 700MHz band that has remained unsold in the past two auctions.

The reserve price for 5G spectrum in the 3,300-3,600MHz bands, which are considered ideal for 5G telecom services has been set at Rs 4.92 billion per MHz of spectrum.

Earlier, telecom operators had stated that the floor price recommended by the TRAI was unaffordable and will seriously hamper the introduction of 5G services in India.

However, the final decision of lowering the prices rests with the TRAI.