We can ascertain what they will do after auction. If they will get 50Mhz or 100 Mhz in C-band, then they will go for consumer market along with b2b. They have already obtained UA, NLD & ILD licenses from DOT for voice services.I don't think so.
They would use this spectrum for corporate clients like shipping ports and airports they manage and other industrial use cases which Adani corp has an investment in.
Doesn't look like they will go up against Airtel and Jio in the public market..