Top 5 Aspects of Quintillion Business

Top 5 Aspects of Quintillion Business

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.