{"id":1241898,"date":"2023-01-23T11:50:56","date_gmt":"2023-01-23T06:20:56","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1241898"},"modified":"2023-01-23T11:51:50","modified_gmt":"2023-01-23T06:21:50","slug":"no-adani-group-will-not-launch-telecom-services-like-airtel-or-jio-but-why-they-spent-rs-200-crore-for-5g-spectrum","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/no-adani-group-will-not-launch-telecom-services-like-airtel-or-jio-but-why-they-spent-rs-200-crore-for-5g-spectrum\/","title":{"rendered":"No, Adani Group Will Not Launch Telecom Services Like Airtel Or Jio! But Why They Spent Rs 200 Crore For 5G Spectrum?"},"content":{"rendered":"\n

Adani Group said it doesn’t intend to enter India’s telecom industry.<\/p>\n\n\n\n

\"No,<\/figure>\n\n\n\n

Background<\/strong><\/p>\n\n\n\n

Adani, the world’s third-richest man according to Forbes, has been diversifying his empire from ports to energy to now owning a media company.<\/p>\n\n\n\n

However the company has kept its distance from India’s telecom sector, where rival Reliance Industries\u2019 Jio became the top player by offering low-cost services since its launch in 2016.<\/p>\n\n\n\n

“We have no plans or ambitions in telecom,” Jugeshinder Singh, Adani Group’s chief financial officer.<\/p>\n\n\n\n

Eyeing private space<\/strong><\/p>\n\n\n\n

The conglomerate\u2019s separate unit Adani Data Networks purchased airwaves worth nearly $27 million in the 5G auction last year.<\/p>\n\n\n\n

However, at the time it said it has no plans to offer consumer services and is instead aiming to enter the private 5G network space.<\/p>\n\n\n\n

It is planning to offer 5G services for enterprises this year.<\/p>\n\n\n\n

Chairman and founder Gautam Adani also announced his plans to invest in growing the network of data centres, developing AI-ML and industrial cloud capabilities, introducing B2C apps, and more in a New Year\u2019s address to his employees.<\/p>\n\n\n\n

5G auction bid<\/strong><\/p>\n\n\n\n

At last year’s 5G auction it placed its bid, but for Rs 212 crore it could only buy 400 MHz spectrum.<\/p>\n\n\n\n

With this the company cannot <\/a>offer consumer telephony since it hasn’t acquired spectrum in all 5G bands.<\/p>\n\n\n\n

Hence its foray into providing private network services to enterprises, including its own.<\/p>\n\n\n\n

Rivals<\/strong><\/p>\n\n\n\n

Meanwhile major telecom players Bharti Airtel and Mahindra Group signed the first private 5G network deal.<\/p>\n\n\n\n

Jio has stated that it will use private 5G as a major revenue stream in the future.<\/p>\n\n\n\n

TCS is also expected to join the race.<\/p>\n\n\n\n

For a total of Rs 88,078 crore, Reliance Jio acquired 24,740 MHz of 5G spectrum. <\/p>\n\n\n\n

Bharti Airtel purchased 19,867 MHz of 5G spectrum for Rs 43,084 crore.<\/p>\n\n\n\n

Present 5G India domain<\/strong><\/p>\n\n\n\n

Currently, only Airtel and Jio provide 5G services in India.<\/p>\n\n\n\n

Jio is the sole provider in India to use the 700 MHz band and 5G standalone access (SA).<\/p>\n\n\n\n

The conglomerate’s aggressive expansion into sectors such as cement and healthcare has invited scrutiny over its elevated debt levels, while its large promoter shareholding has triggered concerns.<\/p>\n\n\n\n

Its proposed mega $2.5 billion follow-on which launches later this month, will be used for capital expenditure and to pay off debt at its units, the company has said.<\/p>\n\n\n\n

“… (We are) doing the FPO to bring in new shareholders; wanted to expand shareholder register,” Singh said<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Adani Group said it doesn’t intend to enter India’s telecom industry. Background Adani, the world’s third-richest man according to Forbes, has been diversifying his empire from ports to energy to now owning a media company. However the company has kept its distance from India’s telecom sector, where rival Reliance Industries\u2019 Jio became the top player […]<\/p>\n","protected":false},"author":24,"featured_media":1241900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[448],"class_list":["post-1241898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-adani-group"],"acf":[],"yoast_head":"\nNo, Adani Group Will Not Launch Telecom Services Like Airtel Or Jio! 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