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Adani Group to join the 5G Spectrum

Gautam Adani's billionaire group is said to plan a surprise entry into a race to obtain a telecommunications spectrum, which will immediately fight Reliance Jio and Telecom Telecom Sunil Bharti Mittal Airtel, said the source.

Applications to participate in July 26's air wave auction, including those who are able to provide fifth or 5G generation of telecommunications services such as high -speed internet connectivity, are closed on Friday with at least four applications.

Idea Jio, Airtel and Vodafone - three private players in the telecommunications sector - applied, three sources with knowledge about the problem said.

The fourth applicant is Adani Group, one of the sources said, adding that the group had recently obtained the National Long Long Long (NLD) and International (ILD) licenses.

But this cannot be confirmed independently. Email and telephone calls made to the Adani group did not get any response.

According to the auction schedule, the details of applicant ownership will be issued on July 12 and the bidder must be known at that time.

A total of 72,097.85 MHz spectrum worth at least ₹ 4.3 Lakh Crore will be placed in the block during the auction, determined to start on July 26, 2022.

The auction will be held for various low spectrums (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), MID (3300 MHz) and high frequency bands (26 GHz).

Ambani and Adani, who came from Gujarat and then built a Mega business group, until recently did not deal directly. While the first is expanded from the oil and petrochemical business into telecommunications and retail, the last varies from the port segment to coal, energy distribution and flight.

But more and more, their interests overlap, regulating what some people say is the stage for clashes.

Adani in recent months established a subsidiary to go into Petrochemicals - a business that was started by Ambani Dhirubhai's father before downstream and upstream operations.

Ambani has also announced a multi-billion dollar plan for a new energy business, including the Giga factory for solar panels, batteries, green hydrogen and fuel cells.

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