Adani in 5G space
1) This week adani announced their participation in 5G spectrum, which made Airtel , Jio and Vodafone idea to stumble.
2) Airtel share price on Monday ( 11/07/2022) down by 4%
3) Why everyone is fearing about their announcement?
Though adani clearly said that their participation in 5G spectrum is only for their own business ( Network in ports like that )
But investor's thought they will come to mobile service in future.
Everyone knows how close adani with our government, they might provide services to all the government department , on the other end Airtel and VI losing this.
Big conglomerate like Reliance and adani stepping into the Telecom space makes the Industry more competitive leaving VI as the sole loser whereas Airtel with their strong userbase and brand name , they may survive.
4) What's your opinion on this
Whether adani will enter telecom space completely (or)
It's entry is only for their own business purpose.
Comment your thought guys.
Thank you.
Comments
Post a Comment