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TRAI suggested a 35 percent reduction in the reserve price for premium 5G spectrum frequencies in the 3300-3670MHz range, to Rs. 317 crore per MHz, on Monday. All available spectrum in the existing bands of 700MHz, 800MHz, 900MHz, 1800MHz, 2100MHz, 2300MHz, 2500MHz, and the new spectrum bands of 600MHz, 3300-3670MHz, and 24.25-28.5GHz will be auctioned, according to TRAI's much-anticipated proposals.

"Block sizes of 10MHz for the 3300-3670MHz range and 50MHz for the 24.25-28.5GHz band are recommended to give telecom service providers more flexibility. Spectrum should be assigned in a logical order "In a statement, the TRAI said.

According to sources, the reserve price across multiple bands is roughly 39% lower than what was indicated last time.

The all-India reserve pricing for the main 5G frequency band of 3300-3670MHz is Rs. 317 crore per MHz, which is over 35% lower than the Rs. 492 crore per MHz indicated by TRAI last time.

The basic price for the coveted 700Mhz band is Rs. 3,927 crore per Mhz, which is 40% less than the previous proposal.

The Telecom Regulatory Authority of India (TRAI) stated that for the telecom sector's long-term growth and sustainability, as well as to infuse liquidity and encourage investment, telecom service providers should be permitted flexible payment choices, such as part payment with moratorium flexibility.

The spectrum auctions are scheduled to take place in 2022 to allow commercial telecom companies to put out 5G mobile services in 2022-23. The fifth generation (5G) will usher in ultra-fast speeds as well as new services and business models.