Reliance Jio to offer 5G services in India, announces $25bn investment

Mukesh Ambani, chairman and managing director of Reliance Industries announced that Reliance Jio will launch 5G services in India by October.

At the company’s 45th Annual General Meeting, he stated to invest over $25bn on these services, which will be initially rolled out in the four metro cities of Delhi, Mumbai, Kolkata and Chennai.

The 5G services will later be expanded to other cities and towns of India by December 2023. Reliance has partnered with some of the world’s leading technology giants such as Meta, Google, Microsoft and Intel to execute the plan.

Shri Mukesh D. Ambani introduces #JioTrue5G at Reliance AGM 2022.#RILAGM #RILAGM2022 #WeCare #JioTogether #Jio #Jio5G #5G pic.twitter.com/OGSpEcedz1

— Reliance Jio (@reliancejio) August 29, 2022

5G is the fifth-generation mobile network capable of providing higher speed, lower latency and greater capacity of remote execution than 4G networks.

With the unveiling of Jio True 5G, the company’s CEO Akash Ambani said Jio will deploy the latest version of 5G called standalone 5G, broadest spectrum and advanced carrier aggregation technologies.

Recently in June, Mukesh Ambani resigned from the board of Reliance Jio, handing over the role to his son Akash Ambani.

Read: Mukesh Ambani resigns, son Akash Ambani succeeds as chairman

Talking about the benefits, Akash Ambani added, “We don’t get 1 Gbps even on many of the fixed broadband networks in our country. Jio 5G gives ultra-high fiber-like speed over the air without any wires. We are calling it Jio AirFiber which will be real easy to quickly connect your home or office to Gigabit-speed Internet”.

The 5G rollout is also expected to bring more development in remote data monitoring in sectors such as mining, warehousing, telemedicine, and manufacturing, among others.

Mukesh Ambani added, “Jio 5G services will connect everyone, every place and everything with the highest quality & affordability. We are committed to making India a data powered economy even ahead of China and US.”

Shri Mukesh D. Ambani highlights the objectives of Jio 5G at the 45th Reliance AGM (Post-IPO)#JioTrue5G #RILAGM #RILAGM2022 #WeCare #JioTogether #Jio #Jio5G #5G pic.twitter.com/LCjumuSDjh

— Reliance Jio (@reliancejio) August 29, 2022