“India followed the world on 4G, but we marched with the world on 5G,” Jyotiraditya Scindia, India’s Minister of Communications, said on stage at MWC. “We had one of the fastest rollouts of 5G in the world—500,000 base stations, close to a $4 billion capex program, and 99.9% of districts covered today. The price of mobile data in India, which a decade ago was at $3 per GB (gigabyte) today has dropped to nine cents per GB, a 97% drop.”
Saul Kavonic, head of energy research at MST Marquee, warned prolonged disruptions to oil trade could hike prices to the triple digits.
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