Mukesh Ambani-Gautam Adani News: Two big business giants of the country will be face to face in the Ambani-Adani 5G auction
Highlights
- Adani group said to participate in 5G auction
- The company will use 5G in airports, seaports etc.
- Mukesh Ambani’s Reliance Jio is currently the largest telecom company
Mukesh Ambani-Gautam Adani News: Billionaire industrialists Mukesh Ambani and Gautam Adani have avoided direct competition over the years despite the expansion of their business empires. Now for the first time, the two will face each other during the spectrum auction for 5G telecom services later this month. Despite the rivalry between the two politically well-connected Gujarati businessmen, the market between them will not see an outright confrontation. The Adani Group on Saturday confirmed its entry into the race to get telecom spectrum, but said it would use telecom spectrum as a private network to support its businesses ranging from airports.
No plans to enter mobile-telecom sector
“We are participating in the 5G spectrum auction to provide enhanced cyber security as well as private network solutions across airports, seaports and logistics, power generation, transmission, distribution and various manufacturing operations,” said a statement issued by the Adani Group. are. This means the group will not enter the consumer mobile telephony space, where Ambani’s Reliance Jio is the largest player. Incidentally, telcos strongly opposed any direct allocation of spectrum to non-telecom entities for setting up private captive networks. He said that this would seriously affect his business. These companies wanted non-telecom companies to lease spectrum from them or set up private captive networks for them. But the government decided in favor of private networks. five
Jio, Airtel and Vodafone also applied
Three private telecom companies – Jio, Airtel and Vodafone Idea – have applied for the auction. The fourth applicant is the Adani Group. The group had recently acquired licenses for National Long Distance (NLD) and International Long Distance (ILD). The auction of telecom spectrum is commencing from July 26, 2022 and during this a total of 72,097.85 MHz spectrum will be offered for at least Rs 4.3 lakh crore. Both Ambani and Adani are from Gujarat and have formed large business conglomerates. However, till now the two had not had a direct face-to-face in any business. Ambani’s business has expanded from oil and petrochemicals to telecommunications and retail, while Adani has expanded from ports to coal, power distribution and aviation.
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