New Delhi, August 29
Reliance Jio will invest Rs 2 lakh crore for the 5G services rollout, beginning with metro cities in October as it looks to take lead in the launch of ultra-high-speed internet services.
Jio’s superfast 5G services will be launched in key cities — including Delhi, Mumbai, Chennai and Kolkata — by Diwali, Reliance Industries Chairman Mukesh Ambani said on Monday as he underlined the company’s commitment to make India the largest data-powered economy in the world, beating China and the US.
India deserves nothing less than “True 5G”, Ambani said at Reliance Industries’ 45th AGM and emphasised that 5G cannot remain an exclusive service available only to the privileged few or only to those in the largest cities. Digital freedom is the birthright of every Indian, he asserted.
The company showcased the potential of JioAirFiber (its high-speed fixed-broadband offering) and Jio Cloud PC (virtual computer hosted in the cloud) and said combined might of the two along with Jio 5G would be a ‘gamechanger’.
Jio would deploy the latest version of the fifth generation offering ‘standalone 5G’, which has zero dependency on the 4G network.
With this, Jio can deliver new and powerful services, such as low latency connectivity, massive machine-to-machine communication, 5G voice, Edge computing and network slicing, and metaverse, Ambani said.
“We are also working very closely with all leading global smartphone OEMs (original equipment manufacturers), and we have their commitment that they will support Jio’s True 5G,” he said.
To build a pan-India ‘True 5G network’, the company has committed a total investment of Rs 2 lakh crore, Ambani said as he unveiled “an ambitious and fastest ever 5G rollout plan”.
“Within the next two months, that is by Diwali of 2022, we will launch Jio 5G across multiple key cities, including the metro cities of Delhi, Mumbai, Kolkata, and Chennai,” he added.
Subsequently, the company will increase its footprint to deliver Jio 5G to “every town, every taluka, and every tehsil of our country” by December 2023. — PTI
Other major announcements
Rs 75,000 cr investment in petrochemical business
To foray into FMCG business
JioAirFiber hotspot
- A Wi-Fi hotspot that will allow consumers to access fiber-like speeds at homes and offices
- Gigafactory for power electronics
New Energy business
- Reliance aims to progressively commence its transition from grey hydrogen to green hydrogen by 2025
Battery packs
- Reliance also aims to start production of battery packs by 2023 and scale up to a fully integrated 5 GWh annual cell to pack manufacturing facility by 2024
Shop from Reliance JioMart via WhatsApp
- Consumers will be able to browse and purchase groceries and other household products on Meta-owned WhatsApp
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