Reliance Jio is all set to launch high-speed 5G telecom services by Diwali this year in multiple key cities such as Delhi, Mumbai, Kolkata and Chennai.
Subsequently, it intends to expand its 5G network to each and every town, tehsil and talukas across the country by December of 2023, which is 18 nearly 18 months from now.
Reliance chairman Mukesh Ambani made the announcement while addressing the shareholders at the Annual General Meeting via immersive and interactive metaverse technology.
Jio will deploy the latest version of 5G called standalone 5G. It will invest Rs 2 lakh crore on 5G infrastructure.
Besides Metaverse, AGM was live on different social media platforms apart from their homegrown HD video conferencing application JioMeet. It is probably the first company globally to conduct its annual general meeting on a virtual reality platform and various social media platform.
Investors were eagerly waiting to know the launch details of 5G services from the Reliance top boss. RIL's telecom arm Reliance Jio Infocomm topped in India's 5G spectrum auction bidding.
Reliance Jio Infocomm has acquired spectrum in 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands in the recently-concluded 5G auctions conducted by the Department of Telecommunications, where the government received around Rs 1.5 lakh worth of bids.
Launched six years ago, Jio has created multiple world records during its rollout of the largest 4G network in the shortest period of time. Jio's 4G network provides the highest quality, most affordable digital services to over 400 million loyal and delighted customers. Jio is expected to now raise the bar even further with its 5G services.
India is gearing up for the rollout of 5G services by October, Union Communications, Electronics and Information Technology Minister Ashwini Vaishnaw said last week.
5G is the fifth-generation mobile network capable of transmitting a large set of data at a very rapid speed.
In comparison to 3G and 4G, 5G has a very low latency which will enhance user experiences in various sectors. Low latency describes the efficiency to process a very high volume of data messages with a minimal delay.
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.
Reliance Jio, Adani group, Bharti Airtel, and Vodafone Idea were the four major participants in the spectrum auction.
( With inputs from ANI )
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