With the upcoming 5G spectrum auction in India, billionaire Gautam Adani reportedly intends to enter the telecom industry and compete with Airtel, Jio, and Vi. The company is thought to be one of the four that have expressed interest in the government’s upcoming spectrum auction, which is anticipated to start on July 27. The auction will feature a total of 72,097.85 MHz of spectrum, including the highly sought-after 5G band required for high-speed internet connectivity, valued at Rs 4.3 lakh crore.
Is Adani Group entering the Indian telecom sector?
According to reports, Adani Group has already attained the National Long Distance (NLD) and International Long Distance (ILD) licenses needed by businesses to provide extensive telecom services in the nation. Even though there hasn’t been any official confirmation, on July 12th, it’s possible since the applicants’ ownership information will be made public.
Nevertheless, according to a Business Standard report, the Adani Group was considering entering the telecom industry. The company’s presence in the industry, which is currently dominated by Airtel, Jio, and Vodafone Idea, would increase as a result of this (Vi).
The report also stated that the Adani Group’s investment in the field could be put to use for a variety of its business ventures, including the construction of large-scale data centers across the nation in Mumbai, Chennai, Noida, Vizag, and Hyderabad.
The group may be able to run its operations on a high-speed internet ecosystem, which could put it ahead of rivals in the same market, if it bids on and wins a millimeter band spectrum.
The spectrum will be up for auction in a number of low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2300 MHz), mid (3300 MHz), and high (26 GHz) frequency bands, the TRAI has confirmed.