Gautam Adani's entry into the telecom sector through 5G

Adani Data Networks LTD

Gautam Adani, the biggest rich in Asia and India, is now ready to create a stir in the telecom sector as well.

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Adani Group is participating in the 5G auction through Adani Data Networks, a subsidiary of Adani Group.

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Adani Data Networks' net worth is Rs 248.35 crore. It is a wholly owned company of Adani Enterprises Limited.

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According to the information given before the 5G auction, the net worth of Adani Enterprises Limited is Rs 4730.66 crore.

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According to the data till 2022, the total net worth of Vodafone India is Rs 80,918 crore in the negative.

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Whereas Bharti Airtel has a net worth of Rs 75,886.8 crore with a paid-up capital of Rs 2,795 crore.

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Reliance Jio Infocomm has a net worth of Rs 197790 crores and a paid-up capital of Rs 15,4125 crores.

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Adani Data Networks says that the company is participating in the 5G auction for its own use only.

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But if experts are to be believed, Adani Group can also enter consumer mobility in the coming time.

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