Adani Group to join 5G spectrum auctions

Wednesday 20th July 2022 06:34 EDT
 
 

The government has named the Gautam Adani-led Group as the new entrant for the upcoming 5G spectrum auctions, along with India’s existing telecom players - Reliance Jio, Bharti Airtel and Vodafone Idea. This would lead to a direct competition - and possibly aggressive bids - between the newcomer Adani Group and the much-established players, especially Jio, led by Indian conglomerate Reliance.
 
Adani Data Networks - fully owned by Adani Enterprises - has received approval for grant of unified licence with authorisation of ILD, NLD and ISP-B for Gujarat state circle. Reliance Jio, a subsidiary of Mukesh Ambani’s flagship Reliance Industries, has also applied for participation in the spectrum bidding. According to the information posted by India’s Department of Telecom (DoT) about the applicants, Birla Group held a 27.4% stake in Vodafone Idea and the UK’s Vodafone 47.6%.
 
“Applications have been received for participation in the 2022 auction for rights to use spectrum in 600MHz, 700MHz, 800MHz, 900MHz, 1800MHz, 2100MHz, 2300MHz, 2500MHz, 3300MHz and 26GHz Bands,” the DoT said. The spectrum auction, scheduled to start on July 26, may see aggressive bids for some frequency bands, with the entry of Adani.
 
Adani Group has announced that it is in the race to acquire spectrum, which it said will be used to create a private network to support its businesses from airports to power as well as data centres. A total of 72,098MHz of spectrum worth at least £43 billion will be put on the block during the auction.


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