5G spectrum bid suggests Adani not keen to enter consumer mobility space

NEW DELHI: Following the release of details around the fifth generation spectrum auction to be held next week, analysts are of the view that Adani Group is not so keen on entering the consumer mobility space.
According to the analysts, its earnest money deposit (EMD) of Rs 100 crore is only suitable to acquire spectrum for specific use (private network) but not enough to enter the consumer mobility space.