MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Adani and Ambani: Asia's wealthiest men battle to dominate 5G in India

Adani and Ambani: Asia's wealthiest men battle to dominate 5G in India

The largest auction for 5G airwaves has ended after seven days in India, potentially setting the stage for a battle over the country's digital future between two of Asia's wealthiest men – Mukesh Ambani and Gautam Adani.

A total of 72 gigahertz spectrum was on the block in the auction. According to India's telecoms minister, Ashwini Vaishnav, 71% of what was on offer was sold. The government drew bids worth approximately $19bn from the three current players - Vodafone Idea, Bharti Airtel and Mr. Ambani's Reliance-Jio and from a fourth, new entrant, Adani Data Networks.

R-Jio emerged as the largest bidder, buying spectrum worth $11bn, but the Adani group spent only about $26m. The remaining bids came from Vodafone Idea and Bharti Airtel.

While Bharti Airtel and R-Jio reportedly bid for pan-India airwaves, cash-strapped Vodafone Idea spent only on priority sectors and Adani for private spectrum that would be accessible in specific areas. In a statement, R-Jio said it is ready for the 5G rollout in a short period because of its nationwide fiber presence and solid global partnership across the technology ecosystem.

While Mr. Ambani is popular in India's internet market, Mr. Adani was a surprise bidder. However, the Adani Group said it was not interested in competing in the broader market outside of the private spectrum; analysts say this could be the first step in that direction.

YOU MAY ALSO LIKE

Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

RECOMMENDED