Gautam Adani Group:
The auction process of the 5G spectrum has been completed. Asia's richest man Gautam Adani's company also bid.
Adani Data Networks Ltd (ADNL), a company of the Adani Group, bid 212 crores in the auction of the 5G spectrum.
Adani Data Networks Ltd has bought spectrum in the 26 GHz millimeter wave band for 20 years.
Through the 5G spectrum, the Adani Group will strengthen its business and data centers and use it for its Super App.
ADNL has acquired the right to use the 400 MHz spectrum by spending 212 crores in the 5G spectrum auction.
According to the Press Trust of India, ADNL has bought less than 1 percent of the spectrum sold in the 5G auction.
The Adani Group, led by Gautam Adani, the world's fourth richest person, is building a super app.
Through the Super App, the Adani Group plans to support businesses across power distribution, airports, gas retailing, ports, etc.
The government has raised a record amount of Rs 1.5 lakh crore through the auction process of the 5G spectrum.