Business
Adani Group Enters Industrial 5G Space With Acquisition Of 400 MHz Airwaves In Spectrum Auction
Gautam Adani, chairman of Adani Group
Adani Data Networks Ltd (ADNL), the digital connectivity solutions arm of the Adani Group, has acquired the right to use 400MHz of spectrum in the 26GHz millimetre wave band, the company said in a release on Tuesday (2 August).
ADNL secured this spectrum for 20 years in the first ever 5G spectrum auction conducted by the Government of India’s Telecommunications Department.
The newly acquired 5G spectrum is expected to help create a unified digital platform that will accelerate the pace and scale of the Adani Group’s digitisation of its core infrastructure, primary industry and B2C business portfolio, the company said.
The acceleration of digital enablement will have material long term improvement in the rate of return on assets.
Acquiring 400MHz of spectrum is the group’s first step in integrating its digital infrastructure portfolio, which includes Data Centres, Terrestrial Fibre and Submarine Cables, Industrial Cloud, AI Innovation Labs, Cybersecurity and SuperApps, the company said.
“We must compliment the transparent and efficient process of this first 5G multi-band multi-round multi-player spectrum auction. It is a great manifestation of the digital expertise our government brings in the journey to an Atmanirbhar Bharat. 5G solves our nation’s connectivity needs in unprecedented ways and will be crucial in helping us prepare the IT infrastructure we need for the future,” said Adani Group chairman Gautam Adani.
“The Adani Group’s foray into the industrial 5G space will allow our portfolio companies to offer a set of new add on services that capitalises on all the other digital segments we are building," Adani added.
The group’s broader strategy to digitally integrate its current and future businesses includes 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, the company said.
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