So what was expected has happened. The central government has given permission to the Adani Group to provide telecom services all over the country. New reports almost confirm that Adani is aiming for Ambani’s crown in the telecom sector as well. Adani has grown tremendously in a short period of time and recently overtook Ambani to become the richest person in Asia (Adani Group).
Adami Data Networks Limited, under Adani Enterprises, has been awarded a unified license to operate telecom services all over India. Adani Group also unexpectedly participated in the earlier 5G auction. The company purchased 5G spectrum for 20 years at a cost of Rs 212 crore. Adani has acquired 400 MHz of spectrum from the 26 GHz mm wave band.
The explanation given at that time was that the bid was for setting up a private 5G network for the private needs of the Adani Group. There are currently no plans to enter the telecom services sector. The company’s stand was that the spectrum will be used for Adani Group’s data centers and Super App, which is in the development stage.
Adani Group is entering the telecom sector after gaining influence in sectors like aviation sector, power supply, cement industry and port industry. It is believed that Adani’s aim is to gain dominance in the telecom sector and this is the new move.
In the field of telecom services, Adani, who has so many resources, will be facing off against Reliance Jio and Bharti Airtel. Mukesh Ambani is currently the king of telecom in India. It is estimated that Adani’s move is to bring Ambani to his knees in the telecom sector after being displaced from Asia’s billionaire status. At the same time, the firm has not yet commented on acquiring the license. A few companies under the Adani Group and the industries they have crossed are known.
Adani Green Energy Limited
Adani Green Energy Limited is working to transform India into a nation that uses only renewable energy sources. One of India’s largest companies in the sector.
Adani Solar
owns one of the largest solar energy manufacturing units in the country. The company is also leading in the manufacturing of solar cells and modules.
Ports and Airports
are one of the core businesses of the Adani Group. Adani Group controls 10 ports in six states of the country. Mundra Port in Gujarat, the country’s largest port, is also under the company’s control. Adani Airports owns six Indian airports namely Mangalore, Thiruvananthapuram, Ahmedabad, Lucknow, Jaipur and Guwahati for a period of 50 years.
including roads, metro and rail
Adani owns 300 km of private railway linesThey are meant to ensure movement of goods to ports, mines and other places. The Adani Group has forayed into the food manufacturing and defense sectors. Read on to know more.
Adani Wilmar and defense ventures
Gautam Adani has also ventured into the food products sector in partnership with Wilmar International of Singapore. Fortune cooking oil brand is Adani Wilmar Products. Adani Group is foraying into the defense-aerospace sector with infrastructure development.