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Gautam Adani To Enter 5G Auction, Another Jio In Making?
By: Tupaki Desk | 12 July 2022 11:38 AM GMT
Gujarat-based Business Tycoon Gautam Tycoon needs no introduction. Since the start of the pandemic, we are hearing more and more about him. While the whole nation went through the worst phase for around two years due to the Covid outbreak, he had a great time as his fortunes went up massively.
His business empire grew up massively and he forayed into various areas touching ports, mining, airport operations, natural gas, renewable energy, and what not everything. The Union Government's decision to sell the national assets is working well for the Adani groups and he is making the best out of it.
Now Adani is all set to participate in the auctions for the 5G services. However, the Adani group surprised everyone and said that it would not use the 5G services for commercial service, and the services it would acquire in the auction would be used for its personal uses like taking care of the port uses and others.
But the version said by the Adani groups did not seem believable. 5G is the future and in a few years, we will see the whole nation using the 5G services. On top of this, it takes at least thousands of crores to acquire the auction and no one would use the same for personal uses by spending such a huge amount.
The telecom industry is a paradise for owners and entrepreneurs.We have seen how Mukesh Ambani's Jio created a revolution in the telecom sector and Jio contributed to a major share of the fortunes of the Ambani family. When Jio was started, Ambani introduced it with more benefits and services. Later, a few limitations were imposed and the tariff plans were also increased.
The Telecom industry is a golden duck that lays golden eggs at faster growth. Adani is now the richest person in India and with the channels he has, Adani can easily push his company in the telecom sector as Ambani did with Jio.Once he acquires the auction, we might see another big company foraying into the telecom industry and making some ground-shaking changes in the sector.
His business empire grew up massively and he forayed into various areas touching ports, mining, airport operations, natural gas, renewable energy, and what not everything. The Union Government's decision to sell the national assets is working well for the Adani groups and he is making the best out of it.
Now Adani is all set to participate in the auctions for the 5G services. However, the Adani group surprised everyone and said that it would not use the 5G services for commercial service, and the services it would acquire in the auction would be used for its personal uses like taking care of the port uses and others.
But the version said by the Adani groups did not seem believable. 5G is the future and in a few years, we will see the whole nation using the 5G services. On top of this, it takes at least thousands of crores to acquire the auction and no one would use the same for personal uses by spending such a huge amount.
The telecom industry is a paradise for owners and entrepreneurs.We have seen how Mukesh Ambani's Jio created a revolution in the telecom sector and Jio contributed to a major share of the fortunes of the Ambani family. When Jio was started, Ambani introduced it with more benefits and services. Later, a few limitations were imposed and the tariff plans were also increased.
The Telecom industry is a golden duck that lays golden eggs at faster growth. Adani is now the richest person in India and with the channels he has, Adani can easily push his company in the telecom sector as Ambani did with Jio.Once he acquires the auction, we might see another big company foraying into the telecom industry and making some ground-shaking changes in the sector.
