Why is 5G the next headache for some of the Indian billionaires ?

New Delhi: After earning $ 59 billion in net debt to survive a brutal war on the world’s second largest telephony market, some billionaires in the country are preparing for more than the following battle: 5G.
India wants to raise $ 84 billion this year from selling air waves – mostly for the newest technology that has led to the connectivity revolution – which is a puzzle for tycoon-controlled carriers, including Mukesh Ambanias, the richest Asia. The investment would mean more loans, but the prize could be a source of income that has never been seen before.
Operators can soon decide how much more pain they can withstand a fast wireless network that can offer a better user experience in streaming, gaming and entertainment on the market where Netflix Amazon.com enters. With applications ranging from manufacturing to education and healthcare, the 5G could be a catalyst for the digital economy of India, which has the potential to reach 1 trillion dollars by 2025, according to a Deloitte report.
‘Competitive Parity’
“Any player missing from the 5G service will likely see the erosion of market share,” said Alok Shende, chief analyst for Telecommunications in Mumbai at Ascentius Insights. “There are even more reasons to maintain competitiveness to stay in the game. It’s important to offer the way forward for customers.”
Bharti Airtel and Vodafone Idea, the two largest carriers, did not respond to a comment request on their 5G plans, while Ambani’s Reliance Industries say they will not comment on the spectrum auction.
While 5G offers potential in expanded reality, virtual reality, connected cars, autonomous unmanned aircraft, smart homes and cities, the real promise for a country like India lies in rural areas, said Prashant Singhal, global telecommunications chief at Ernst & Young.
Technology could solve some of the basic challenges due to the lack of infrastructure in health and education. For example, an experienced surgeon in a large city hospital may advise a doctor in a small town to perform a 5G operation in real time or that a holographic image of teachers can be sent to a classroom in the village, he said.
Most of the Asian largest wireless operators are in the process of testing 5G networks, with plans to commercially introduce them in 2020.
World first
SK Telecom from South Korea presented its 5G network for public use in April, calling it the world’s first full commercial ad. China issued a 5G license for its three major operators earlier this month, which increased the chances for services that are starting this year. India is planning its own next year.
A direct challenge in India would be an investment needed for the network, for which the Telecommunications Regulatory Agency of India could estimate $ 70 billion. This amount will further complicate the financing of operators who are in the midst of an effort to mitigate debts accumulated over the past decade.

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