Adani, Asia’s Richest, Is Bidding for Indian 5G Phone Airwaves

Billionaire Gautam Adani’s conglomerate is participating at an auction of 5G airwaves by India scheduled for later this month, the company said in a statement Saturday, as it seeks to enhance its presence in the country’s digital space.

The company, which is seeking to build its own digital platform, superapps and data centers, said it will need ultra-high quality data streaming capabilities that the 5G network offers. Besides, it will also help set up a private network spanning all its businesses — from airports to manufacturing companies.