Indian Satellite Spectrum Battle Heats Up As The Govt Says No To Auctions | Mint Explains

India will allot spectrum for satellite broadband administratively and not via auction, communications minister Jyotiraditya Scindia clarified on Tuesday. This development came amid suggestions from India’s two largest Telcos for bids to be held on spectrum rights. Satellite services in India are set to grow 36% a year to reach $1.9 billion by 2030, according to estimates. But why is satellite spectrum so important for key players? #satellite #telecom #technology #news #elonmusk #mukeshambani #starlink #airtel #amazon #scindia #modi #india Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx3pdg Subscribe to Mint Premium Now: https://www.read.ht/Scaq Subscribe to Mint's WhatsApp Channel: https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d