Talking about the purchase of 5G spectrum auction, Mukesh Ambani has spent the maximum amount of Rs 88,078 crore in it. At the same time, Sunil Bharti Mittal’s company Airtel has spent 43,084 crores for this.
Gautam Adani’s company Adani Data Network Limited has got a unified license for telecom services.
As part of business expansion, Adani Group is continuously expanding its scope, after coal, green energy, power distribution and aviation sectors, now Gautam Adani’s company Adani Data Network Limited has got a unified license for telecom services. After the entry in telecom, this will be seen for the first time when Mukesh Ambani and Gautam Adani will have a direct competition in the same business.
They will get tough competition
With the entry of Gautam Adani’s company in the telecom sector, there is going to be a tough competition from Reliance Jio, Airtel, Vodafone-Idea. Adani Group, while entering the telecom sector, had said that it plans to use the airwaves for super apps with its data centers.
Spectrum bought for 212 crores
Adani Group has spent Rs 212 crore during the 5G spectrum auction for about 20 years. With this purchase, Gautam Adani’s company has also joined the 5G race. Talking about the purchase of 5G spectrum auction, Mukesh Ambani has spent the maximum amount of Rs 88,078 crore in it. At the same time, Sunil Bharti Mittal’s company Airtel has spent 43,084 crores for this. Another big telecom company of the country, Voda-Idea, has spent Rs 18,799 crore for 5G spectrum.
Will there be competition with Mukesh Ambani?
Everyone’s eyes remain on the country’s two biggest businessmen Mukesh Ambani and Gautam Adani. Now that Adani has also entered the telecom sector. In such a situation, there is a question whether this will give competition to Mukesh Ambani’s company, although Mukesh Ambani’s group works in oil, refinery, petrochemical, retail and telecom. At the same time, the Adani Group is in the port, coal, green energy, power distribution and aviation sectors. But after entering the telecom sector, these two groups will be face to face for the first time in the same business.
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