Cyril Amarchand Mangaldas (CAM) acted as Indian law advisor to Adani Data Networks Limited. Adani Data Networks Limited (ADNL) has entered into a spectrum trading agreement to transfer 400 MHz spectrum in 26GHz band to Bharti Airtel Limited and its subsidiary Bharti Hexacom Limited. The spectrum covers six telecom circles—Gujarat (100MHz), Mumbai (100MHz), Andhra Pradesh (50MHz), Rajasthan (50MHz), Karnataka (50MHz) and Tamil Nadu (50MHz). ADNL had secured the rights to use the spectrum in India’s first 5G spectrum auction held in 2022.
The closing of the transaction is subject to completion of standard conditions and necessary statutory approvals. Saurabh Sharma, Partner, led the transaction with support from Yashaanki Kora, Associate, and Tanuj Agarwal, Associate. Arun Prabhu, Partner (Head of technology), provided strategic inputs and guidance on the matter with support from Himanshi Mahajan, Associate.
Aviral Sahai, Partner; and Palak Singh, Associate; advised on the regulatory aspects of the transaction. The transaction was signed on 22nd April, 2025, and closing is awaiting approval of the Department of Telecommunication.
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About Cyril Amarchand Mangaldas:
Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With over 1100 lawyers including 220 Partners, the Firm is a full-service law firm with offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm has been named “Law Firm of the Year 2025” and consistently recognised as “Best Overall Law Firm” by the IBLJ Indian Law Firm Awards. It received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive year in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm also won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
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