Adani Says, Will Use 5G Spectrum To Support Data Centres, Businesses
Richest Indian Gautam Adani's group on Tuesday said the Rs 212 crore worth of spectrum it has bought in a millimetre wave band will be used to create a private network to support its businesses and data centres.
Adani Data Networks Ltd (ADNL), a unit of Adani Enterprises Ltd, acquired the right to use 400MHz of spectrum in the 26GHz millimetre wave band for 20 years in the auction that concluded on Monday.
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.
"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 group said in a statement.
Adani group bought less than one per cent of all spectrum sold in the auction and its purchase price was a fraction of Rs 1.5 lakh crore bids that the government received.
The 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.
"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," it said.
Rival billionaire Mukesh Ambani's Reliance Jio was the top bidder at the spectrum auction, walking away with almost half of the airwaves sold. Telecom tycoon Bharti Airtel and Vodafone Idea Ltd were other major bidders.
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.
"Given that our portfolio is a highly distributed asset intensive investment that are all being revolutionized by sensorisation and fast becoming IoT enabled, we believe the next data surge will be created more by machines than by people as all devices get interconnected. This data will need to be streamed, stored, processed, and analysed by other machines in real-time and this capability will change every single industry," he said.
This volume will be exponentially higher and generated at the edges, especially in a country like India, where the Tier 2 and 3 cities are witnessing the fastest all-round growth, he said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
-
India's Troika Of Good Luck | Joining The Dots
A weaker Trump, a cooling AI trade and resilient earnings have put Indian markets back in favour. Rising inflation could spoil the party.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.