MEA news 11th July 2022 ardorcomm Adani Group to bid for telecom spectrum auction

Adani Group to bid for telecom spectrum auction

The Adani group intends to compete head-to-head with Sunil Bharti Mittal’s Airtel and Mukesh Ambani’s Reliance Jio in the race to acquire telecom spectrum beginning on July 26. The Adani group recently received National Long Distance (NLD) and International Long-Distance (NLD) licences.

“As India prepares to roll out the next generation of 5G services through this auction, we are one of the many applications participating in the open bidding process,” the group said in a statement

To take part in the sale of 5G airwaves, the Adani entity would be required to get a unified access service (UAS) permit from the Department of Telecommunications (DoT) in accordance with Indian telecom regulations.

Given the large amount of spectrum up for sale and the existence of just two significant bidders in Jio and Bharti Airtel, Adani’s anticipated involvement could increase competitiveness in the upcoming 5G airwaves sale.

The sector regulator Telecom Regulatory Authority of India (TRAI) recommended reserve prices for 5G auctions, which the Cabinet approved last month. A floor price reduction of roughly 39% was suggested by the regulator for the sale of 5G spectrum for mobile services.

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