Adani Set To Exit Telecom Sector

IN what could signal Adani Data Network's exit the telecom sector, the company is set to grant Bharti Hexacom Limited, a subsidiary of Bharti Airtel Limited, rights to use 400 MHz of spectrum in the 26 GHz band.

- Rakesh Kumar @ New Delhi

According to an Airtel statement, the transaction is subject to standard conditions, including compliance with spectrum trading guidelines and requisite statutory approvals.

The spectrum allocation is distributed across several key regions: Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz), and Tamil Nadu (50 MHz).

Adani Data Network holds a unified licence for access services, enabling it to offer all telecom services in India. The company made headlines in 2022 when it entered the telecom space by participating in the spectrum auction alongside Reliance Jio, Bharti Airtel, and Vodafone Idea.