The Adani Group said on Saturday it will take part in the bidding process of the 5G telecom spectrum auction.
The development comes just a day after reports indicated that the group would be making a surprise entry that it will pitch against Reliance Jio and Airtel.
Issuing a statement on Saturday, the Adani Group said it is taking part in the auction to provide private network solutions along with enhanced cyber security in the airport, ports and logistics, power generation, transmission, distribution, and various manufacturing operations. However, the group pointed out that it has no intention to be in the consumer mobility space.
The group added that if it is awarded 5G spectrum in open bidding, it will align with the recent announcement of significantly increasing the Adani Foundation’s investments in education, healthcare and skill development in rural areas.