Ambani Vs adani at 5g auction!!!
For a long time, two big businessmen of the country remained number one in their respective fields and both of them made a place in the list of world's richest people, but now both of them can be seen doing strong competition among themselves. adani will place its bid in the airwave auction regarding 5g connectivity. In such a situation, it is believed that a tough competition will be seen between two Gujarati businessmen.
In fact, the adani Group on saturday confirmed its entry into the race for telecom spectrum but said it would use telecom spectrum only as a private network to support its businesses from airports .
What is the company's plan?
The company said in its statement in this regard, “We are participating in 5g spectrum auction to provide private network solutions as well as enhanced cyber security in airports, ports and logistics, power generation, transmission, distribution and various manufacturing operations."
There will be no entry in the telephone
Reliance Group and mukesh ambani are going to get a big relief from this statement of the company because adani Group will not enter the consumer mobile telephone sector. The reason for this is that Ambani's reliance Jio is the largest company in this area.
Significantly, telcos had strongly opposed any direct allocation of spectrum to non-telecom entities for setting up private captive networks. While these companies wanted non-telecom companies to lease spectrum from them or they set up private captive networks for them, but the government decided in favor of private networks, which is a big blow to businessmen like Ambani.
Received applications from 4 companies
In fact, in the case of applications for participation in the auction of 5g spectrum, the names of 4 companies have come to the fore and the auction is to be held on July 26. Jio, Airtel, vodafone Idea and finally the fourth applicant is adani Group.
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