Airtel to buy Adani’s 5G spectrum

Almost three years after it surprised the telecom industry by entering the 5G spectrum auctions, the Adani Group is exiting its only telecom spectrum holding by selling it to Bharti Airtel. In a deal announced on Tuesday, Bharti Airtel and its subsidiary Bharti Hexacom have entered into definitive agreements to acquire rights to use 400 MHz of spectrum in the 26 GHz band from Adani Enterprises-owned Adani Data Networks.