Adani Group has officially entered the race for India’s first 5G spectrum auction. In a media statement, the company has clarified that it is not interested in offering telecom services but instead provide a private network for its businesses.
Adani’s foray in to the 5G spectrum auction pits the Ahemdabad-based enterprise against Ambani’s Reliance Jio, Sunil Bharti Mittal’s Airtel, and Kumar Mangalam Birla’s Vodafone Idea.
Media Statement on Adani Group's interest in the 5G space. pic.twitter.com/iyAmvJOf2T
— Adani Group (@AdaniOnline) July 9, 2022
Adani enters the 5G spectrum auction in India
The government of India is expected to conduct the 5G spectrum auction on July 27th. July 8th was the last date to submit the applications. While major telecom operators including Jio, Airtel and Vi’s participation were expected, Adani’s entry has caught the industry by surprise. This is expected to create a bidding war between the four companies at the upcoming auction.
Adani Group recently obtained National Long Distance (NLD) and International Long Distance (ILD) licenses that are required by companies to carry out telecom services in the country. The company is involved in various businesses including ports and logistics, airports, energy distribution, and other manufacturing operations. Bidding and acquiring the millimetre band spectrum will allow the group to run its operations on high-speed internet.
In a statement, Adani Group said “Spectrum award will align with our recent announcement of raising Adani Foundation’s investments in education, healthcare and skill development in rural areas, each of which stands to benefit from 5G technology”
TRAI has confirmed that the auction will be held for spectrums in low, mid, and high frequency bands. A total of 72,097.85 MHz spectrum worth Rs 4.3 lakh crore will be put on the block during the auction.