Budget 2022-23: Telcos in focus as FM Sitharaman announces 5G spectrum auction in 2022

NEW DELHI: The finance minister Nirmala Sitharaman said in her budget speech that the spectrum auction for 5G roll out will be conducted in FY23.

Telecom companies have already initiated the trials for 5G services in India.

Bharti Airtel has successfully conducted India's first 5G trial in the 700 MHz band in partnership with Nokia, on the outskirts of Kolkata.

The Union Cabinet on Tuesday approved the Budget 2022-23 which will be presented by Finance Minister Nirmala Sitharaman in Parliament.

The meeting began at around 10:20 am ahead of the Budget presentation.

Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Union Home Minister Amit Shah, Railways, Communications and IT Minister Ashwini Vaishnaw, Parliamentary Affairs Minister Pralhad Joshi, and others were present at the Parliament for the Union Cabinet Meeting ahead of the presenting of the Budget.