Latest news with #AdaniDataNetworks
India.com
23-04-2025
- Business
- India.com
First time Gautam Adani to exit from any business, to transfer entire…, preparing to sell it to Sunil Mittal after failing…
For the first time it can be seen that Gautam Adani is stepping back from any business. The Adani Group has decided to exit the telecom sector and may sell its 26GHz spectrum to Bharti Airtel, led by Sunil Mittal. In 2022, Adani Data Networks acquired 400 MHz of spectrum in the 26GHz band for Rs 212 crore during a government auction. At the time, the group announced that the spectrum will be used for private purposes like for its data centers and enterprise operations. Adani To Sell Business However, now Adani Group has decided to sell the spectrum to Bharti Airtel. This decision is rare from the conglomerate, who is known for aggressive expansions. The Department of Telecommunications (DoT) has strict guidelines for spectrum usage. Companies purchasing spectrum must meet specific conditions within a stipulated time frame, if they can't they can be penalised or fined. Though Adani Group initially planned to utilize the spectrum internally, due to regulatory complexities it may have influenced its decision to divest, claims media reports. Airtel On Deal 'Bharti Airtel Limited and its subsidiary Bharti Hexacom Limited have entered into definitive agreements with Adani Data Networks Limited (ADNL), a subsidiary of Adani Enterprises, to acquire rights to use of 400 MHz of spectrum in the 26 GHz band in Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz) and Tamil Nadu (50 MHz),' Airtel said in a statement. The auction rules make it mandatory for players acquiring spectrum in 26 Ghz band to launch commercial service anywhere in the telecom circle where it has the radiowaves within 12 months of its allocation. Adani Data Networks will complete three years of spectrum allocation in August 2025. By the end of the third year, it is mandatory for players holding spectrum in 26 Ghz band to deploy at least 90 sites in each circle where they hold the radiowaves. The spectrum allocation rule has a provision to impose a penalty of Rs 1 lakh per week for the first 13 weeks if the spectrum holder misses the roll out target. Thereafter, the penalty is increased to Rs 2 Lakh for the next 13 weeks and to Rs 4 Lakh for the next 26 weeks subject to a maximum of Rs 1.40 crore for each phase. For delay of more than 52 weeks at any phase, in addition to the penalty the spectrum assigned may be withdrawn and the bank guarantee shall be encashed to the extent of the fine, if not paid. (With Inputs From PTI)
Indian Express
23-04-2025
- Business
- Indian Express
Why Adani group is transferring 5G spectrum to Airtel
Adani Group has transferred its unused spectrum to Bharti Airtel after facing penalties for not utilizing it. The group purchased the spectrum for Rs 212 crore in 2022 but could not find a use for it. Adani Data Networks, a subsidiary, had plans to use it for private network solutions. The group has now transferred the spectrum to avoid further penalties from the DoT.
Indian Express
23-04-2025
- Business
- Indian Express
Why Adani group is transferring 5G spectrum to Airtel, effectively shelving its telecom ambitions
The Adani group has transferred all the spectrum it had purchased in a 2022 auction to Bharti Airtel, effectively signalling a pause in its ambitious telecom play. This comes after the ports-to-energy conglomerate failed to meet its minimum rollout obligations, and incurred penalties since it could not find a use case for the airwaves. Adani Data Networks, a wholly owned subsidiary of Adani Enterprises, had bought 400 Mhz spectrum in the 26 Ghz band for Rs 212 crore in the auctions held in July 2022, which was the first time 5G spectrum was auctioned. It holds 100 Mhz each in Gujarat and Mumbai and 50 Mhz each in Tamil Nadu, Karnataka, Andhra Pradesh and Rajasthan. The Adani Group had purchased spectrum to provide private network solutions to its multiple business verticals such as airports and ports. The group did not have plans of offering consumer telecom services. Reasons behind the spectrum transfer 'Adani Data Networks Ltd (ADNL), a wholly owned subsidiary of Adani Enterprises Ltd, has signed definitive agreements with Bharti Airtel Ltd and its subsidiary Bharti Hexacom Ltd to transfer the rights to use 400 MHz of spectrum in the 26 GHz band,' the group said in a statement. 'The closing of the transaction is subject to satisfaction of the standard conditions (including conditions stated in the spectrum trading guidelines) and statutory approval(s),' Bharti Airtel said in a separate statement. The Indian Express had earlier reported that Adani Data Networks was penalised by the Department of Telecommunications (DoT) at least twice since last year for not utilising its 5G spectrum so far. The department had sent multiple show cause notices to the company over the delay in launching connectivity services. It is understood that the company has been unable to see a clear use case for the airwaves it owns. It is understood that the company has paid the DoT more than Rs 55 crore for the purchase of the spectrum, and now with the transfer, the remaining amount of its dues will have to be paid by Airtel. Why Adani group was penalised During the 2022 spectrum auctions, the government had announced a proposal for tech companies and other enterprises to acquire spectrum directly from it to test and build industry 4.0 applications, such as machine-to-machine communications, the Internet of Things (IoT), artificial intelligence (AI), etc. These networks are called private captive networks, as they are set up to serve a specific organisation, and not the general population. As per the minimum rollout obligations for companies who acquired spectrum in 2022, for those who bought airwaves in the 26 GHz frequency band, they would have to launch commercial services anywhere in the service area within a year. Penalties of Rs 1 lakh per week for the first 13 weeks, followed by Rs 2 lakh per week for the next 13 weeks, will be levied on the companies that do not meet the obligation. A show cause notice will be issued to the telcos concerned before penalties are levied, the conditions state. Industry experts said that private 5G networks have so far found no takers due to several operational challenges, and a lack of use cases that could make economic sense. 'First of all, the cost of acquiring spectrum is very high, which cuts out many smaller firms from acquiring it and offering private 5G services. As a result, enough use cases are not coming up. In Adani's case, only using airwaves for its group companies might not have made much economic sense,' a senior industry executive had told The Indian Express earlier.
Time of India
23-04-2025
- Business
- Time of India
Bharti Airtel shares in focus on acquisition of 400 MHz spectrum from Adani Data Networks
Bharti Airtel, through Bharti Hexacom, will acquire 400 MHz spectrum in the 26 GHz band from Adani Data Networks. Bharti Airtel, through Bharti Hexacom, will acquire 400 MHz spectrum in the 26 GHz band from Adani Data Networks across Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu. Adani Data Networks secured this spectrum for approximately Rs 212 crore in 2022. Bharti Airtel's stock closed 1. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The shares of telecom major Bharti Airtel may remain in focus on Wednesday, April 23, after the company, through its subsidiary Bharti Hexacom announced that it will be acquiring a 400 MHz spectrum in 26 GHz band from Adani Data Networks 'Bharti Airtel Limited and its Subsidiary, Bharti Hexacom Limited ('Airtel' or 'Company') have entered into definitive agreements with Adani Data Networks Limited (ADNL), a subsidiary of Adani Enterprises to acquire rights to use of 400 MHz of spectrum in the 26 GHz band in Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz) and Tamil Nadu (50 MHz).,' the company said in an exchange Data Networks Ltd (ADNL) had secured 400 MHz of spectrum in the 26 GHz band for approximately Rs 212 crore during the spectrum auction conducted in is actively working to expand its 5G network and user base, which reached approximately 120 million by the end of December, out of a total subscriber base of 414 the past one year, the stock has delivered a robust return of 42.63%. On a year-to-date (YTD) basis, it has gained 16.04%, while the six-month and three-month gains stand at 9.47% and 13.51%, respectively. In the last one month alone, the stock has risen 7.28%, reflecting sustained investor interest and positive Tuesday, the shares of Bharti Airtel closed 1.7% lower at Rs 1,852 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
23-04-2025
- Business
- Economic Times
Bharti Airtel shares in focus on acquisition of 400 MHz spectrum from Adani Data Networks
Bharti Airtel, through Bharti Hexacom, will acquire 400 MHz spectrum in the 26 GHz band from Adani Data Networks. Synopsis Bharti Airtel, through Bharti Hexacom, will acquire 400 MHz spectrum in the 26 GHz band from Adani Data Networks across Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu. Adani Data Networks secured this spectrum for approximately Rs 212 crore in 2022. Bharti Airtel's stock closed 1. The shares of telecom major Bharti Airtel may remain in focus on Wednesday, April 23, after the company, through its subsidiary Bharti Hexacom announced that it will be acquiring a 400 MHz spectrum in 26 GHz band from Adani Data Networks. ADVERTISEMENT 'Bharti Airtel Limited and its Subsidiary, Bharti Hexacom Limited ('Airtel' or 'Company') have entered into definitive agreements with Adani Data Networks Limited (ADNL), a subsidiary of Adani Enterprises to acquire rights to use of 400 MHz of spectrum in the 26 GHz band in Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz) and Tamil Nadu (50 MHz).,' the company said in an exchange filing. Adani Data Networks Ltd (ADNL) had secured 400 MHz of spectrum in the 26 GHz band for approximately Rs 212 crore during the spectrum auction conducted in 2022. Airtel is actively working to expand its 5G network and user base, which reached approximately 120 million by the end of December, out of a total subscriber base of 414 million. Also read: Ather Energy sets IPO price band at Rs 304-321; issue opens on April 28 Over the past one year, the stock has delivered a robust return of 42.63%. On a year-to-date (YTD) basis, it has gained 16.04%, while the six-month and three-month gains stand at 9.47% and 13.51%, respectively. In the last one month alone, the stock has risen 7.28%, reflecting sustained investor interest and positive momentum. ADVERTISEMENT On Tuesday, the shares of Bharti Airtel closed 1.7% lower at Rs 1,852 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains How Pi42 is simplifying crypto trading: CTO Satish Mishra on integrating technical & fundamental insights How Pi42 is simplifying crypto trading: CTO Satish Mishra on integrating technical & fundamental insights Aspero's Irfan Mohammed on why India's bond market is ready for its 'equity moment' Aspero's Irfan Mohammed on why India's bond market is ready for its 'equity moment' 'Voler is debt-free and profitable; Investors' money is our responsibility': Vikas Parasrampuria on recent listing, plans & more 'Voler is debt-free and profitable; Investors' money is our responsibility': Vikas Parasrampuria on recent listing, plans & more Divine Hira IPO: Scaling New Heights in Jewellery Trade – Niraj Gulecha on Expansion, Strategy & Growth NEXT STORY
