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Adani’s entry in 5G may heat up bidding race

NEW DELHI: The government on Tuesday named the Gautam Adani-led Group as the new entrant for the upcoming 5G spectrum auctions, along with existing telecom players Reliance Jio, Bharti Airtel and Vodafone Idea. This would lead to a direct competition —and possibly aggressive bids — between the newcomer Adani Group and the much-established players, especially Jio.
Adani Data Networks — fully owned by Adani Enterprises — has received approval for grant of unified licence with authorisation of ILD, NLD and ISP-B for Gujarat circle. Adani Data Networks showed a net worth of Rs 248 crore in its spectrum bid application, according to the information posted by the department of telecommunications (DoT) on Tuesday.
Reliance Jio, a subsidiary of Mukesh Ambani’s flagship Reliance Industries, has also applied for participation in the spectrum bidding, and has shown a net worth of Rs 1,97,790 crore as on March 31, 2022. According to the information posted by DoT about the applicants, Birla Group held a 27. 4% stake in Vodafone Idea and the UK’s Vodafone 47. 6%.
Vodafone Idea reported a negative net worth of Rs 80,918 crore as on March, 2022, while the paid-up capital is at Rs 32,119 crore. Bharti Airtel’s net worth stood at Rs 75,887 crore as on March 31, 2022.
“Applications have been received from for participation in the 2022 auction for rights to use spectrum in 600MHz, 700MHz, 800MHz, 900MHz, 1800MHz, 2100MHz, 2300MHz, 2500MHz, 3300MHz and 26GHz Bands,” the DoT said. The spectrum auction, scheduled to start on July 26, may see aggressive bids for some frequency bands, with the entry of Adani.
Adani Group on Saturday said it is in the race to acquire spectrum, which it said will be used to create a private network to support its businesses from airports to power as well as data centres. A total of 72,098MHz of spectrum worth at least Rs 4. 3 lakh crore will be put on the block during the auction.



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