Adani Exits Telecom Spectrum, Sells to Bharti Airtel

Adani Data Networks has decided to exit the telecom spectrum sector by transferring its entire 400 MHz holding in the 26 GHz band to Bharti Airtel and Bharti Hexacom, nearly three years after acquiring it in India’s 5G auctions. This move allows Adani to reduce regulatory liabilities and avoid penalties for not meeting rollout obligations, though the conglomerate may still explore private 5G services through leasing arrangements. Bharti Airtel will acquire the spectrum across six key Indian regions, aiming to further strengthen its 5G network. The financial terms of the deal remain undisclosed, though Adani originally purchased the spectrum for around Rs 212 crore in 2022. Airtel’s 5G user base has reached approximately 120 million, drawing increased investor interest and positive stock momentum. The transaction is subject to regulatory approvals and complies with spectrum trading guidelines.