Gautam Adani’s group said the Rs 212 crore worth of spectrum it has bought in a millimetre wave band will be use to create a private network to support its businesses and data centres.
Adani Data Networks Ltd (ADNL), a unit of Adani Enterprises Ltd, acquire the right to use 400MHz of spectrum in the 26GHz millimetre wave band for 20 years in the auction that conclude on Monday.
As Adani Group plans to use the airwaves for its data centres as well as the super app it is building to support businesses from electricity distribution to airports, and gas retailing to ports.
Adani Group Said :
Adani group bought less than 1% of all spectrum sold in the auction and its purchase price was a fraction of Rs 1.5 lakh crore bids that the government receive.
The Adani Group’s broader strategy to digitally integrate its current and future businesses include linking its data centres through a network of submarine and terrestrial cables, building the largest industrial operations cloud in the world, developing the super app to offer a suite of services across its consumer base of 400 million, and establishing a world-class AI centre of excellence.
Adani Group Said :
While Mukesh Ambani’s Reliance Jio was the top bidder at the spectrum auction, walking away with almost half of the airwaves sold.
Bharti Airtel and Vodafone Idea Ltd were other major bidders.
Gautam Adani, Chairman of the Adani Group, said his ports-to-energy conglomerate’s foray into the industrial 5G space will allow portfolio companies to offer a set of new add-on services that capitalize on all the other digital segments that are being built.
Gautam Adani Said :
As this volume will be exponentially higher and generate at the edges, especially in a country like India, where the Tier 2 and 3 cities are witnessing the fastest all-round growth, Gautam Adani said.