Significance
This came after the government announced plans for a 4G spectrum auction in March 2021, after a five-year gap. There is growing speculation that this will be followed by an auction of 5G spectrum later in the year.
Impacts
Reliance’s lead on 5G will boost its broader digital business strategy.
New financial support to indebted telcos will help to avoid further strain on public sector banks.
Data tariffs are likely to remain competitive in India, even after a new floor price.