India is ready for 5G expansion after record bids in spectrum auction
The spectrum auction saw bids worth more than $19b.
India is ready to roll out and even expand 5G services after its recent spectrum auction saw record bids of more than $19b, GlobalData reported.
GlobalData projected that the next generation of mobile data will increase mobile data usage in Inda by 29% and data revenue by 67% between 2020 and 2026. This is despite concerns surrounding the development of 5G.
“Not surprisingly, the ongoing 5G spectrum auction for about 72 GHz of 5G radio waves of worth about INR 4.3 trillion has attracted the participation of not only prominent operators like Reliance Jio, Bharti Airtel, and Vodafone Idea, but also billionaire Gautam Adani’s Adani Group, which is set to foray into the telecom services market through its subsidiary, Adani Data Networks,” Kantipudi Pradeepthi, Telecom Research Analyst at GlobalData, said.
Predeepthi said the results of the auction proves that India’s telecom sector is ready for the expansion and rollout of 5G services.
This is also aligned with GlobalData’s forecast that 5G service subscriptions in India could grow to 464 million by 2027.
“5G technology is expected to create more job opportunities and usher in the next phase of economic growth in India by enabling solutions such as connected vehicles, more-immersive augmented reality and metaverse experiences, and cloud services. 5G can empower the organizations to build private networks,”
“The technology will also allow manufacturers to embark on the Industry 4.0 journey, and empower the smart city projects underway in the country. This should encourage digital businesses including edtech, healthtech, agritech, fintech, and e-commerce to further accelerate 5G adoption in India.”