Adani Group has spent only Rs 212 crore for 5G spectrum. In comparison, Reliance Jio Infocomm has spent Rs 88 thousand crore, Bharti Airtel has spent Rs 43 thousand crore.
What is the plan of Adani Group to buy spectrum?
Before the auction of 5G spectrum, when the Adani Group had talked about participating in it, it was seen as the beginning of a big war with Jio. However, the enthusiasm waned when Adani made it clear that he was not getting into the business of providing direct service to the consumers. This made it clear that Adani was buying spectrum for a different and specific purpose. With this, the eyes of the market were fixed on the plan of the richest person in Asia, for which he has landed in spectrum purchase. Adani Through this small shopping, he has tried to serve a bigger purpose. Which will further help in giving growth to their existing business, know further what is their plan
Purchase of less than one percent of total spectrum
Adani Group has spent only Rs 212 crore for 5G spectrum. In comparison, Reliance Jio Infocomm has spent Rs 88 thousand crore, Bharti Airtel Rs 43 thousand crore and Vodafone Idea has spent about Rs 19 thousand crore. Adani Data Networks Limited of the Adani Group has bought spectrum in the 26 GHz millimeter wave band for 20 years for Rs 212 crore. With this amount, he has got the right to use 400 MHz spectrum. Through this entire auction, the Adani Group has bought less than one percent of all spectrum sold.
What is Adani’s plan
According to the Adani Group, with the help of this spectrum, the group will further accelerate and improve its digitization. The company will make its infrastructure, primary industry and B2C business more advanced and digital than ever before. According to the company, the plan includes Data Center Industrial Cloud, AI Innovation Lab, Cyber Security and SuperApp etc. With the help of 5G, the company will be helped in increasing the business from electricity distribution to airport and gas retail business to port, while new services will also be offered.