DoT issues NIA for auction of 5G spectrum

DoT has issued a notice inviting applications (NIA) in order to facilitate 5G roll-out and augment the existing telecom services. DoT, in the NIA, has set the net worth eligibility for bidders at Rs 1 billion per licence and service agreement with the exceptions being Jammu & Kashmir & the North­east service areas where the net worth criteria is Rs 500 million. The NIA further notes that the auction will be a simultaneous multiple round ascending e-auction.