Billionaire Gautam Adani’s group on Saturday confirmed its entry into the race to acquire a 5G spectrum, for which they have to apply for participation in the upcoming 5G spectrum auction. The company will use the technology to create a private network to support its business from airports to power as well as data centres.
“India prepares to roll out the generation of 5G services through this auction, we are one of the many applications participating in the open bidding process,” the group said in a statement.
Press Trust of India reported that the Adani group is making a surprise entry into the 5G spectrum, which will pitch it directly against Mukesh Ambani’s Reliance Jio and Sunil Bharti Mittal’s Bharti Airtel. “We are participating in the 5G spectrum auction to provide private network solutions along with enhanced cyber security in the airports, ports, and logistics, power generation, transmission, distribution, and various manufacturing operations,” the group added to the statement.
“As we build our own digital platform encompassing super apps, edge data centres and industry command and control centres, we will need ultra high-quality data streaming capabilities through a high frequency and low latency 5G network across all our businesses”, it said.
The application for participating in the July 26 auction of 5G Spectrumclosed on Friday with four applications ━ three private players in the telecom sector including Jio, Airtel and Vodafone Idea and the fourth participant is Adani Group.
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“If we are awarded 5G spectrum in the open bidding, it will also align with our recent announcement of significantly increasing the Adani Foundation’s investments in education, healthcare and skill development in rural areas, each of which stands to benefit from 5G technology,” Adani group said. All of this is aligned with our nation-building philosophy and supporting Atmanirbhar Bharat, it added.
