Adani Data Networks to transfer 400 MHz spectrum rights to Bharti Airtel
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Synopsis
On April 22, Adani Data Networks Limited announced the signing of agreements with Bharti Airtel and Bharti Hexacom to transfer rights for 400 MHz of spectrum in the 26 GHz band, covering six telecom circles. This strategic move aims to support Airtel's 5G rollout and enhance digital connectivity.
Key Takeaways
- Adani Data Networks signs agreements with Bharti Airtel.
- Transfer of 400 MHz spectrum in the 26 GHz band.
- Covers six telecom circles including Gujarat and Mumbai.
- Transaction pending statutory approvals.
- Supports Airtel's 5G expansion.
Ahmedabad, April 22 (NationPress) Adani Data Networks Limited (ADNL), a completely owned subsidiary of Adani Enterprises Limited (AEL), has officially declared that it has entered into binding agreements with Bharti Airtel Limited and its subsidiary Bharti Hexacom Limited to transfer the rights to utilize 400 MHz of spectrum within the 26 GHz band.
This spectrum encompasses six telecom circles: Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz), and Tamil Nadu (50 MHz).
In its stock exchange filing, the company stated, “Adani Data Networks Limited (ADNL), a wholly-owned subsidiary of Adani Enterprises Limited, has signed definitive agreements with Bharti Airtel Limited and its subsidiary Bharti Hexacom Limited to transfer the rights to use 400 MHz of spectrum in the 26 GHz band.”
However, this transaction is contingent upon receiving statutory approvals and adhering to the conditions outlined in the Spectrum Trading Guidelines.
The company further noted, “The closing of the transaction is subject to customary statutory approvals.”
This decision is part of ADNL’s strategic realignment regarding its digital connectivity assets. The Adani Group acquired this spectrum during the 5G auctions, aiming to develop private networks and improve enterprise connectivity.
Once sanctioned, this will represent a pivotal advancement in ADNL’s transformation of its telecom and data connectivity goals, while also bolstering Airtel’s endeavors to enhance its 5G deployment in high-demand regions.
“Bharti Airtel and its subsidiary Bharti Hexacom have signed definitive agreements with Adani Data Networks Limited (ADNL), a subsidiary of Adani Enterprises, to acquire the rights to use 400 MHz of spectrum in the 26 GHz band,” Airtel stated in its announcement.
Meanwhile, Airtel is actively broadening its 5G network and expanding its user base. By December, the company had approximately 120 million 5G users among a total subscriber count of 414 million.
