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Mukesh Ambani Says Jio To Invest Rs 2 Lakh Crore For 5G Rollout

Reliance Industries Ltd.’s Chairman Mukesh Ambani said Jio 5G will be the “world’s largest and most advanced” such network in the world and the company will invest Rs 2 lakh crore for a pan-India rollout.

Jio will deploy the latest version of 5G called ‘Standalone 5G’, Ambani said in his address to the shareholders at the 45th annual general meeting of RIL. “This has zero dependence on 4G network.”

“By Diwali, we will launch Jio 5G across multiple key cities such as Delhi, Mumbai, Chennai, Kolkata”, he said. “We will increase Jio footprint by December 2023 pan-India, to every town, taluka and tehsil.”

Ambani said Jio is the only telecom operator has the 700 MHz spectrum. “We’re able to combine all frequencies into a single powerful data highway through career aggregation.”

“We are also working with smartphone OEMs that they will support India’s 5G. We have their commitment.” He said Jio 5G will also offer private network solutions.

This is a developing story…

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