Adani to bid 5G Spectrum Auction

 The Adani Group on Saturday confirmed that it has plans to participate in the upcoming 5G spectrum auctions, starting on July 26.

“As India prepares to roll out the next 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.

However, the company made it clear that it does not intend to enter the consumer mobility space.

“Our intention is not to be in the consumer mobility space," the statement added.

Talking about its future plan, the conglomerate said, “We are participating in the 5G spectrum auction to provide private network solutions

Along with enhanced cyber security in the airport, ports and logistics, power generation, transmission, distribution, and various manufacturing operations."

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Adani Group aims to use the 5G network for its data centre as well as the the super app it is building to support businesses from electricity distribution to airports, gas retailing to ports.

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India is all set to witness the biggest-ever auction of spectrum as government is putting up 72,000MHz of mobile airwaves on sale from July 26.

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

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At the reserve price, the mega 5G auctions will have a value of around Rs 4.3 lakh crore.