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Ambani vs Adani: No direct mkt clash yet
Updated On: 11 July, 2022 08:40 AM IST | New Delhi | Agencies
Adani Group plans to use the airwaves for its data centre as well as the super app it is building to support businesses from electricity distribution to airports, gas retailing to ports
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Gautam Adani speaks with Neeta Ambani, wife of Mukesh Ambani, at swearing-in ceremony of PM Modi in 2014. Pics/AFP
For years they tiptoed around each other but now the groups led by billionaires Mukesh Ambani and Gautam Adani will for the first time be in direct competition when they later this month participate in the auction of airwaves capable of providing fifth generation or 5G telecom services.
But the rivalry between the two politically well-connected Gujarati businessmen will not yet see a full-blown market clash despite overlaps. On Saturday, Adani group confirmed plans to participate in the July 26 5G spectrum auction, but said the airwaves it was seeking was to set up a private network to help digitise its businesses from airports to energy to data centres. This meant no entry into the consumer mobile telephony space, where Ambani’s Reliance Jio is the largest player.
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