Reliance Jio to invest ₹2 lakh crore in 5G; rollout in metros by Diwali

Reliance Jio to invest ₹2 lakh crore in 5G; rollout in metros by Diwali

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5G services to be expanded to other cities and towns in phases to cover entire India by December 2023: Mukesh Ambani

5G services to be expanded to other cities and towns in phases to cover entire India by December 2023: Mukesh Ambani

Reliance Industries Ltd. Chairman Mukesh Ambani on August 29 announced a ₹2 lakh crore investment in deploying fifth-generation or 5G telephony with rollout in metro cities by Diwali.

Jio, the nation’s largest telecom operator, has deployed standalone 5G stack rather than upgrading the existing 4G network, to offer ultra-high speed Internet, he said at Reliance Industries’ 45th AGM.

The company has partnered with Qualcomm to develop 5G solutions, Mr. Ambani said. He said the firm is partnering with Google to develop ultra-affordable 5G smartphones and Google Cloud.

It has now forged a collaboration with Qualcomm to develop a 5G solution for India, which can be taken to the rest of the world, he said.

Jio will launch 5G services by Diwali in metro cities of Delhi, Mumbai, Kolkata and Chennai, he said adding this will be expanded to other cities and towns in phases to cover entire India in 18 months by December 2023.

Jio’s ambitious 5G rollout plan will be the fastest in the world, he said.



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