The Business Bytes
TBB BUREAU
MUMBAI, AUG 29, 2022
Reliance Jio has earmarked Rs 2 lakh crore investment for 5G network and plans to launch the high-speed services in select cities in the country by Diwali, which falls on October 24, Reliance Industries Ltd. (RIL) Chairman Mukesh Ambani said on Monday.
Speaking at RIL’s 45th annual general meeting, Ambani said Jio would roll out 5G services across India by December 2023.
“To build our pan-India true 5G network, we have committed a total investment of Rs 2 lakh crore. Jio has prepared the fastest ever and most ambitious 5G rollout plan for a country of our size… By Diwali, we will launch Jio 5G across multiple key cities including metro cities of Delhi, Mumbai, Chennai and Kolkata,” he said.
Ambani said subsequently the company plans to increase Jio 5G footprint month-on-month until December 2023, to deliver Jio 5G to every town, every ‘taluka’ and every ‘tehsil’ of the country.
“Jio 5G services will connect everyone, every place and everything with the highest quality and affordability. We are committed to making India a data-powered economy even ahead of China and the US,” said Ambani.
Ambani said Jio made strong progress in fibre and FTTH deployment with pan-India fibre-optic network of more than 11 lakh route kilometres.
He said two out of every three new fibre-to-the-home (FTTH) customers are choosing JioFiber.
With standalone 5G, Jio can deliver new and powerful services like low latency, massive machine-to-machine communication, 5G voice, Edge computing and network slicing, and metaverse.
Jio has indigenously developed an end-to-end 5G stack, which is fully cloud native, software defined, digitally managed with support for even advanced features like Quantum Security.
With 5G, Jio will launch billions of smart sensors with connected intelligence that will trigger Internet of Things (IoT) and fuel the Fourth Industrial Revolution. It will connect every-one, every-place and every-thing with the highest quality and most affordable data.
Akash Ambani, Chairman, Reliance Jio Infocomm, said that Jio true 5G will deliver breakthrough increases in broadband speed and drastically lowers latency.
The announcement is in line with the government which expects affordable 5G services to be rolled out in the country by October 12.
