Airtel acquired 19,867.8 MHz spectrum by securing a pan-India footprint of 3.5 GHz and 26 GHz bands and selected purchase of radio waves in the low and mid-band spectrum for Rs 43,039.63 crore.
As per the 5G auction modalities, the participants were given the option to pay the dues in 20 equal annual instalments; they can pay the entire amount or part of it upfront.
Adani Group plans to use the airwaves for its data centres as well as the super app it is building to support businesses from electricity distribution to airports, and gas retailing to ports.
Following the release of details around the fifth generation spectrum auction to be held next week, analysts are of the view that Adani Group is not so keen on entering the consumer mobility space.
This is a big relief for telecom service providers (TSPs) as with this amount, Adani Network can buy only spectrum worth Rs 700 crore, which means its bids may be limited to 26 GHz band.