Adani Group Confirms Its Entry Into Telecom Sector

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Adani Telecom Spectrum: Adani Group has confirmed its entry into the telecom sector.

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Gautam Adani is entering the 5G spectrum race for its own use in its own port-to-power conglomerate, but a later rollout of the company's consumer side cannot be ruled out.

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Over the weekend, India's richest businessman Gautam Adani confirmed that the Adani Group has applied for an auction of 5G telecom spectrum.

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Gautam Adani is entering the 5G spectrum race for its own use in its own port-to-power conglomerate, but a later rollout of the company's consumer side cannot be ruled out.

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The main aim of Adani Group to join the 5G spectrum is to provide a private network with high cyber security

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For airports, ports and logistics, manufacturing, transmission, distribution and various manufacturing operations in their existing businesses.

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Vodafone Idea and BSNL, shrugged their shoulders. The Vodafone idea is valued at over Rs 28,000 crore - of which 32 per cent is with the government.

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A total of 72,097.85 MHz of spectrum worth at least Rs 4.3 crore will be placed on the block during the auction, which is scheduled to begin on July 26, 2022.

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