Adani plans to acquire 5G Spectrum – but still competes with Jio and Airtel

The Adani Group has announced that it will participate in the next 5G spectrum auction that is scheduled to take place later this month. What this means is that Adani Group will become the fourth group after Jio, backed by Mukesh Ambani, Sunil Mittal’s Airtel and Kumar Mangalam Birla’s VI to compete for 5G bandwidth in India.

While the company has confirmed that this is not the point of setting up a telecom company, the conglomerate wants to set up a private network that can help digitize its various businesses, from airports to data centers to the energy sector.

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