Adani may join telecom spectrum race, compete with Reliance Jio, Airtel, Vi

The Adani group is believed to be one of the four companies that on Friday showed interest in the government’s upcoming telecom spectrum auction. The move would expand the conglomerate’s presence to a sector dominated by established players like Reliance Jio, which is part of Mukesh Ambani-led Reliance group, Sunil Mittal-controlled Bharti Airtel, and Vodafone Idea Ltd.
 
The telecom department’s upcoming auction includes the coveted 5G band needed for high-speed internet connectivity.
 
Four independent sources told Business Standard that the Adani Group was interested in getting into telecom. A group spokesperson did not respond to a request for