Adani confirms participation in 5G auction; no plan to be in consumer mobility space

New Delhi: Billionaire Gautam Adani’s group on Saturday confirmed its participation in the 5G spectrum auction.
‘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,’ a statement from the company said.
The business conglomerate, however, said it does not intend to be in the consumer mobility space.
‘As India prepares to roll out next generation 5G services through this auction, we are one of the many applicants participating in the open bidding process,’ a spokesperson from Adani Group said.
The group said if it is awarded 5G spectrum in the open bidding, it will also align with its recent announcement of significantly increasing the Adani Foundation’s investments in education, healthcare and skill development in rural areas, each of which stands to benefit from 5G technology.
‘In addition, as we build our own digital platform encompassing super apps, edge data centres, and industry command and control centres, we will need ultra-high quality data streaming capabilities through a high frequency and low latency 5G network across all our businesses. All of this is aligned with our nation building philosophy and supporting an Atmanirbhar Bharat,’ the statement further read.
The company’s move will pitch it directly against Reliance Jio and Airtel.
Applications for participating in the July 26 auction of airwaves closed on July 8, 2022. (UNI)