The government plans to allocate spectrum administratively to satellite-based communication companies after the Telecommunications Bill 2023. Trai will determine pricing and modalities for the allocation. This move is anticipated with hope and excitement by companies like OneWeb, Starlink, Viasat, and Project Kuiper. Satellite communications will likely be a niche market, representing about 1% of the connectivity business. The decision to allocate spectrum administratively aligns India with international standards, promotes global cooperation, and fosters innovation in the nascent space sector.
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News