Adani group to begin telecom journey with Gujarat circle

The Adani group has secured a letter of intent (LoI) from the department of communications (DoT) to provide telecom services in the Gujarat circle. After getting the formal licence, besides wireline broadband, Adani Data Networks — a 100% subsidiary of Adani Enterprises — can also provide wireless internet services.

Analysts interpret the group’s move as the first step before a full-fledged entry into the telecom sector in future. The company has already stated that it is participating in the 5G spectrum auctions on July 26 to build a private network for its data usage.

“We are participating in the 5G spectrum auction to provide private network solutions along with enhanced cyber security in the airport, ports & logistics, power generation, transmission, distribution and various manufacturing operations,” the Adani group had said in a statement recently.