“Adani will be bidding for 5G but I think it is a little premature to look at them. They are not a consumer company per se. They have not built a consumer internet or a telecom company or the kind of business that something like that requires in the past and which Reliance had done. The problem really lies with the Vodafone-Idea and not really with the Bharti or Reliance, both of whom have relatively stronger balance sheets.”
