Adani Group is going to bid for the upcoming 5G spectrum auction along with the country’s existing telecom companies Reliance Jio and Bharti Airtel. Describing its plans to bid in the auction of 5G spectrum, the Adani Group said on Saturday that the company will participate in the telecom spectrum organized by the government and our plan is to develop a private network, which we will use. operating their companies.
Adani will not enter into customer telecom services: The company has clearly stated that the purpose of bidding in the auction of 5G spectrum is not at all to enter into customer telecom services. A statement issued by the Adani Group said, “We are going to participate in the 5G spectrum auction. It aims to strengthen cyber security by providing private network solutions for ports, power and transmission, multiple production units. In a further statement, the Adani Group said, “Access to Spectrum will help the group build a digital platform in the times to come and help our data center business as well.”
Auction to be held on July 26: Applications for these airwaves capable of providing more high-speed internet connectivity such as 5G telecom services closed on Friday with at least four applicants participating in the auction. The 5G spectrum auction is to be held on July 26.
Let us tell you, on Friday (July 8, 2022), an application was made by the Adani Group to participate in the auction of 5G spectrum. For bidding in this auction, applications have already been made from the existing telecom sector majors Bharti Airtel, Reliance Jio and Vodafone-Idea in the market.
The Adani Group started a joint venture (50:50) with the world’s leading data center company EdgeConneX in February 2021. In November 2021, this joint venture was done by both the companies with an investment of Rs 375 crore. At that time the company had stated that it intended to develop data centers at Chennai, Navi Mumbai, Noida, Visakhapatnam and Hyderabad hyperscale.