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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Despite its stated intent to steer clear of the consumer business, it has joined the fray for the auction of 5G spectrum and applied for a unified pan-India licence.
Editor's note: Over the course of the past few weeks, the Ahmedabad-based Adani group has made its intention to get into the telecoms business clear. But it will not be the consumer telecoms space dominated by Reliance Jio, Bharti Airtel and a highly indebted Vodafone Idea. Rather, it will go after the enterprise business that is likely to explode on the back of high speed 5G networks. Right off the bat, there’s a mismatch between its communication and actions on the ground. If entering the enterprise business is its objective, it could have paid the one-time non-refundable application fee of Rs 50,000 for allocation of spectrum for use in private data networks. Such spectrum for non-consumer telecoms use is governed by simpler rules. Instead, it has chosen to join the fray to bid for 5G spectrum through auction along with licensee companies. It has also applied for a unified licence for a pan-India service, and internet services for the Gujarat circle. The cost of spectrum in the auctions—to be held on 26 July—could run into millions of dollars. It is not immediately …
Despite its stated intent to steer clear of the consumer business, it has joined the fray for the auction of 5G spectrum and applied for a unified pan-India licence.
Editor's note: Over the course of the past few weeks, the Ahmedabad-based Adani group has made its intention to get into the telecoms business clear. But it will not be the consumer telecoms space dominated by Reliance Jio, Bharti Airtel and a highly indebted Vodafone Idea. Rather, it will go after the enterprise business that is likely to explode on the back of high speed 5G networks. Right off the bat, there’s a mismatch between its communication and actions on the ground. If entering the enterprise business is its objective, it could have paid the one-time non-refundable application fee of Rs 50,000 for allocation of spectrum for use in private data networks. Such spectrum for non-consumer telecoms use is governed by simpler rules. Instead, it has chosen to join the fray to bid for 5G spectrum through auction along with licensee companies. It has also applied for a unified licence for a pan-India service, and internet services for the Gujarat circle. The cost of spectrum in the auctions—to be held on 26 July—could run into millions of dollars. It is not immediately …
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
