5G spectrum auction: Adani Group will bid for airwaves alongside Jio, Airtel, and Vi

However, per The Economic Times report, top industry executives and analysts said Adani's entry could boost competition levels in the upcoming 5G airwaves sale that till recently was expected to see muted bidding. "As India prepares to roll out next-generation of 5G services through this auction, we are one of the many applications participating in the open bidding process," reads Adani Group's statement.

"We are participating in the 5G spectrum auction to provide private network solutions along with enhanced cyber security in the airport, ports & logistics, power generation, transmission, distribution, and various manufacturing operations," the statement added.

There will be 72GHz of 5G frequencies for sale, which could fetch the government up to Rs 4.5 lakh crore. The frequencies will be on lease for 20 years across 10 bands ranging from 600Mhz to 26Ghz and at prices recommended by the telecom regulator. The 5G services will start rolling out by August or September in the country. The services will be available in 13 major Indian cities initially, including Delhi, Jamnagar, Hyderabad, Lucknow, Mumbai, Ahmedabad, Chandigarh, Bengaluru, Chennai, Gandhinagar, Pune, Gurugram, and Kolkata. The numbers will be increased to 20-25 cities by the end of the year, per the government.