Ambani Vs Adani at 5G auction!!!
There will be no entry in the telephoneReliance Group and mukesh ambani are going to get a big relief from this statement of the company because adani Group will not enter the consumer mobile telephone sector. The reason for this is that Ambani's reliance Jio is the largest company in this area.
Significantly, telcos had strongly opposed any direct allocation of spectrum to non-telecom entities for setting up private captive networks. While these companies wanted non-telecom companies to lease spectrum from them or they set up private captive networks for them, but the government decided in favor of private networks, which is a big blow to businessmen like Ambani.Received applications from 4 companiesIn fact, in the case of applications for participation in the auction of 5g spectrum, the names of 4 companies have come to the fore and the auction is to be held on July 26. Jio, Airtel, vodafone Idea and finally the fourth applicant is adani Group.