Top 5 Aspects of Quintillion Business
Contents
1. Adani Group’s Acquisition of Quintillion Business Media
- The Adani Group, through its subsidiary AMG Media Networks, acquired a 49% stake in Quintillion Business Media (QBML) for ₹47.84 crore in 2023.
- Later, in November 2023, Adani bought the remaining 51% stake, gaining full control of the digital business news platform BQ Prime (formerly Bloomberg Quint) .
- This acquisition marked Adani’s entry into India’s media sector, followed by its stake in NDTV .
2. BQ Prime (Formerly Bloomberg Quint)
- QBML operates BQ Prime, a financial and business news platform that was initially a joint venture between Bloomberg Media and Quintillion Media before Bloomberg exited in March 2021 .
- The platform focuses on digital business journalism, catering to investors and corporate audiences .
3. Quintillion’s Arctic Fiber Optic Network (Separate Entity)
- A different Quintillion (based in Alaska) operates a fiber-optic broadband network connecting rural Alaskan communities and aims to link Asia, Europe, and North America via the Arctic .
- Recently acquired by Grain Management, a private equity firm, to expand its connectivity projects .
4. Adani’s Media Expansion Strategy
- The Adani Group established AMG Media Networks to venture into publishing, broadcasting, and digital content distribution .
- It appointed veteran journalist Sanjay Pugalia to lead Adani Media Ventures .
5. Future Plans for Quintillion (Alaska)
- The Alaskan Quintillion plans to:
- Build a high-latitude ground station for polar satellite data 5.
- Expand its subsea cable system to connect Japan, the U.S., and Europe via the Arctic .
- Develop a data center to support oil/gas operations, defense, and environmental monitoring .
Key Distinction:
- Quintillion Business Media (India) is a news platform under Adani.
- Quintillion (Alaska) is a telecom infrastructure company focused on Arctic connectivity.
