Adani Group bid for 5g Spectrum: Market experts have expressed surprise about Adani Group’s participation in this auction and they believe that now it has become difficult to estimate the spectrum prices.
Adani Group bid for 5g Spectrum: Asia’s richest man and veteran Indian businessman Gautam Adani can enter the telecom sector. Adani Data Networks of Adani Group, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the 5G auction. This disclosure came from the list released by the Department of Telecommunications on Tuesday. Market experts have expressed surprise over Adani Group’s participation in this auction and believe that it has become difficult to predict spectrum prices.
The auction for the next generation spectrum will begin from July 26. Applicants have till July 19 to withdraw their application. For this, applications were invited till Friday and on Saturday, information about the application of Adani Group was also received citing sources, which has been confirmed today.
Ambani vs Adani: Adani’s entry in the telecom sector? Ambani’s Jio and Mittal’s Airtel will get a competition
Adani Group said about personal use
Regarding participation in the spectrum auction, the Adani Group says that it will use it as a private network for its businesses from airports. BofA Securities is considering this move of the Adani Group as a negative for the existing telcos and it will increase the competition in the auction as well as in the long run. According to global firm Goldman Sachs, if the Adani Group is successful in buying spectrum, then the competition in 5G will increase and the company can also enter the consumer mobile service business.
Taxation on FD: According to what is the tax on interest earned from FD? The burden can be reduced in these three ways
Some brokerage firms expressed surprise
For participating in spectrum auction, brokerage company CLC has wondered why the Adani group would directly bid in the auction without waiting for spectrum allotment. The CLC has said in its report that due to the bidding of the Adani Group, there will be uncertainty about the prices of spectrum. Earlier it was believed that there would be a tough competition in the auction between Bharti Airtel and Reliance Jio, but now with the arrival of Adani, everything has changed.
Credit Suisse has also questioned the Adani Group’s plan to bid for 5G spectrum. According to Credit Suisse, since the central government has allowed private companies to set up networks for private use by acquiring spectrum at a better low cost without any license fee, there appears to be no logical reason for the Adani group participating in the spectrum auction. does not come
(Input: PTI)
