Adani Enterprises Limited has informed the Exchange regarding a Media release dated April 22, 2025, titled "Adani Data Networks to transfer 400 MHz spectrum to Bharti Airtel".
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Awaiting price reaction for this filing.
Adani Enterprises announced that its subsidiary Adani Data Networks will transfer its 400 MHz spectrum holding to telecom major Bharti Airtel. The spectrum was originally acquired in India's 2022 5G auction, primarily intended by Adani for private captive 5G use across its businesses such as airports, ports, and power operations. The move effectively signals Adani's exit from the public telecom space and Bharti Airtel's gain in additional 5G spectrum capacity. Financial terms of the deal have not been disclosed in this media release.
Positive for Bharti Airtel as it bolsters 5G network capacity, while for Adani Enterprises this is a strategic divestment from a non-core telecom asset, allowing capital reallocation to its core infrastructure, energy, and data centre businesses. Near-term stock impact on Adani is likely neutral.