Adani buys 400 MHz airwaves for Rs 212 cr.

Adani Data Networks said it will use the 400 MHz spectrum in the 26 GHz millimeter wave band that it bought in the 5G auctions to create a unified digital platform to digitise the Adani Group’s core infrastructure, primary industry and B2C business portfolio.

The group plans to use the airwaves for its data centres and the super app it is building to support businesses from electricity distribution to airports and gas retailing to ports.

“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,” the company said in a statement on Tuesday.

The plan is to offer a suite of services across its consumer base of 400 million and establishing a world-class AI centre of excellence.

The comments come a day after the government on Monday said Adani Data Networks, a unit of Adani Enterprises, had bought 400 MHz of spectrum in the 26 GHz mmWave band across 6 circles for ₹212 crore. “5G solves our nation’s connectivity needs in unprecedented ways and will be crucial in helping us prepare IT infra we need for the future,” Adani group chairman Gautam Adani said. (www.economictimes.indiatimes.com)