Adani Data Networks Ltd (ADNL), the digital connectivity solutions arm of the Adani Group, has acquired the right to use 400MHz of spectrum in the 26GHz millimetre wave band. ADNL secured this spectrum for 20 years in the first ever 5G spectrum auction conducted by the Govt of India's Telecommunications Department.
The newly acquired 5G spectrum is expected to help create a unified digital platform that will accelerate the pace and scale of the Adani Group's digitisation of its core infrastructure, primary industry and B2C business portfolio. The acceleration of digital enablement will have material long term improvement in the rate of return on assets. Acquiring 400MHz of spectrum is the Group's first step in integrating its digital infrastructure portfolio, which includes Data Centres, Terrestrial Fibre and Submarine Cables, Industrial Cloud, AI Innovation Labs, Cybersecurity and SuperApps.
"We must compliment the transparent and efficient process of this first 5G multi-band multiround multi-player spectrum auction. It is a great manifestation of the digital expertise our government brings in the journey to an Atmanirbhar Bharat. 5G solves our nation's connectivity needs in unprecedented ways and will be crucial in helping us prepare the IT infrastructure we need for the future," said Mr Gautam Adani, Chairman of the Adani Group. "The Adani Group's foray into the industrial 5G space will allow our portfolio companies to offer a set of new add on services that capitalizes on all the other digital segments we are building. Given that our portfolio is a highly distributed asset intensive investment that are all being revolutionized by sensorisation and fast becoming IoT enabled, we believe the next data surge will be created more by machines than by people as all devices get interconnected. This data will need to be streamed, stored, processed, and analysed by other machines in real time and this capability will change every single industry. It will help build a set of services that the market cannot even fully conceptualize today. This volume will be exponentially higher and generated at the edges, especially in a country like India, where the Tier 2 and 3 cities are witnessing the fastest all-round growth."
The Group's broader strategy to digitally integrate its current and future businesses includes linking its Data Centres through a network of submarine and terrestrial cables, building the largest industrial operations cloud in the world, developing the super app to offer a suite of services across its consumer base of 400 million, and establishing a world-class AI centre of excellence.
Shares of Adani Enterprises Limited was last trading in BSE at Rs. 2682.90 as compared to the previous close of Rs. 2658.90. The total number of shares traded during the day was 35782 in over 3434 trades.
The stock hit an intraday high of Rs. 2696.00 and intraday low of 2641.05. The net turnover during the day was Rs. 95685892.00.