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Monday, November 28, 2022
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Gautam Adani to enter telecom sector to beat Geo ?; Participation in 5G auction

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There are indications that Gautam Adani, the richest man in Asia, will soon start a new project. Earlier, the Adani group had not ventured into the telecom sector. But now the Adani group is entering the telecom sector. Gautami Adani is rumored to be participating in the 5G auction in a few days. So now there is talk of launching a new telecom service to compete with Munkesh Ambani’s Geo.

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 According to information received, industrialist Gautam Adani’s Adani group may be involved in the auction of telecom spectrum. Adani Company has started planning for this. The government had invited applications from companies for the auction of 5G spectrum, the last date for submission was July 8. The government has received 40 applications for this.

 Three private telecom companies, Jio, Airtel and Vodafone Idea, have applied for the spectrum auction on July 26. The fourth company to file an application is Adani Group. The company has recently obtained national NLD and international ILD licenses.

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 As per the schedule fixed by the government for the auction of 5G spectrum, the details of those who submitted applications on July 12 will be made public on July 12. The government will auction a total of 72,097.85 MHz of spectrum. It is valued at around Rs 4.3 lakh crore. The auction will be held in 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 3300 MHz mid frequency bands and 26 GHz spectrum high frequency bands.

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