The wait is finally over as Prime Minister Narendra Modi is set to launch the much-awaited 5G services in India on October 1, 2022.
He will also inaugurate the 6th Edition of India Mobile Congress 2022 to be held from October 1-4, 2022, at Pragati Maidan, New Delhi
According to the report, 5G services would be rolled out in a phased manner and during the first phase only 13 selected cities would get the fast speed 5G internet services. These cities include Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad, Jamnagar, Kolkata, Lucknow, Mumbai, and Pune.
The cumulative economic impact of 5G on India is estimated to reach USD 450 billion by 2035.
The launch of 5G services in India, the world's second-biggest smartphone market after China, follows years of intense preparation.
India's biggest ever auction of telecom spectrum held recently had received a record Rs 1.5 lakh crore of bids, with Mukesh Ambani's Jio cornering nearly half of all the airwaves sold with a Rs 88,078 crore bid.
Telecom tycoon Sunil Bharti Mittal's Bharti Airtel made a successful bid of Rs 43,084 crore, while Vodafone Idea Ltd bought spectrum for Rs 18,799 crore.