Adani Data Network to Transfer Entire Spectrum to Bharti Airtel

Adani Group firm Adani Data Network will transfer its entire spectrum holding to Bharti Airtel and its subsidiary Bharti Hexacom, both the companies said in separate statements without disclosing financial details.

- PTI

The development comes at a time when Adani Data Networks was about to lose its entire 400 megahertz spectrum in 26 Gigahertz band as it failed to meet the roll-out obligations within the stipulated time.

"Adani Data Networks Limited (ADNL), a wholly-owned subsidiary of Adani Enterprises Ltd, has signed definitive agreements with Bharti Airtel Ltd and its subsidiary Bharti Hexacom Ltd to transfer the rights to use 400 MHz of spectrum in the 26 GHz band," Adani Group said in a statement.

Adani Data Networks (ADNL) had acquired the spectrum for about Rs 212 crore through an auction held in 2022.