- An LoI (Letter of Intent) was secured by the Adani group from the Department of Telecommunications (Dot)for the grant of unified license for the Gujarat circle.
- This unified license will allow the group to provide long-distance call and internet facilities in the Gujarat circle.
- The Adani group has applied for participation in G spectrum auction.
- Bidding will be held for airwaves in multiple bands including the 3.5Ghz band and milimetre wave band that is used for 5G services.
The Adani group has made the application through a newly incorporated Adani Data Networks Limited. It has a net worth of Rs 248.35 crore. Net worth of promoter firm Adani Enterprises (Rs 4,730.66 crore) will be used for determining eligibility for the bids.
Adani group is a new entrant in the telecom space and according to the bid condition, it will have to obtain unified licence with authorisation of access service in specified licenced service areas upon winning spectrum in the auction.
Cash-strapped Vodafone Idea has a negative net worth of Rs 80,918 crore as on March 31. Reliance Jio Infocomm and Bharti Airtel have a net worth of Rs 1.97 trillion and Rs 75,886.8 crore, respectively, as on March 31
- Goldman Sachs said while the group has stated it does not intend to be in the consumer mobility space, “we believe if the Adani Group does end up buying spectrum in the upcoming auction, it could potentially increase competition in enterprise 5G, in addition to opening the doors for the Adani Group to expand into consumer mobile services over time”. Globally, 5G services have been launched in three bands — 700MHz (coverage), 3.5GHz (5G coverage and capacity) and 26GHz (capacity and low latency).
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