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Adani Group says no plans to enter telecom sector
Adani Enterprises' unit Adani Data Networks purchased airwaves worth nearly $27 million in the country's 5G auction last year. However, at the time, the company has said it does not plan to offer consumer services and is instead aiming to enter the private 5G network space. Its proposed mega $2.5 billion follow-on public offering (FPO), which launches later this month, will be used for capital expenditure and to pay off debt at its units, the company has said.