Mukesh Ambani: Jio 5G service to roll out in India
Reliance Industries President and Managing Director Mukesh Ambani revealed during his keynote address at the 2020 India Mobile Congress that the Jio 5G service will be rolled out in India in the second half of 2021.
He pointed out that the 5G service offered by Jio would be a "testimony" to the government's policy of Atmanirbhar Bharat (self-sufficient India). In addition to rolling out 5G in the country, Jio is developing an affordable Android phone in collaboration with Google that will likely debut in the coming months.
Also Read | World's Highest Peak, Mt Everest now taller by 86 cm
Ambani mentioned that the policy steps were necessary to accelerate the early launch of 5G in India. "I assure you that Jio will pioneer the 5G revolution in India in the second half of 2021. It will be powered by the indigenous-developed network, hardware and technology components," Mukesh Ambani said.
Jio has been working on 5G with companies like Samsung and Qualcomm for some time, to bring 5G technology to life in India. The exclusive network coverage of LTE nationwide is helping the telecom company to switch to next-generation cellular service in a shorter time compared to what is required for Airtel and Vi (formerly known as Vodafone Idea).
In addition to its 5G plans, Jio is presently working with Google to launch its entry-level 4G Android smartphone. The new model is speculated to arrive sometime in the first quarter of next year with a price tag of Rs. 4,000.
The investors include Google, Facebook, Intel Capital, Qualcomm Ventures and Silver Lake Partners, among others. It has raised as much as Rs. Rs 152,056 crore selling its 32.97 percent stake.
Also Read | Break dancing becomes Olympic sport to debut at Paris Games 2024
Ambani said, "These investments are allowing the company to expand its digital presence in India. Jio Platforms, with its family of over 20 startup partners, has built world-class capabilities in artificial intelligence, cloud computing, big data, machine learning, Internet of Things, blockchain, etc.,"
"We are creating compelling homegrown solutions in education, healthcare, agriculture, infrastructure, financial services, and new commerce." he added.
-PTC News
