Reliance will invest Rs 2 lakh crore on 5G, start by Diwali: Mukesh Ambani
By Lokmat English Desk | Published: August 29, 2022 04:59 PM2022-08-29T16:59:35+5:302022-08-29T16:59:35+5:30
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Reliance Industries Ltd Chairman Mukesh Ambani on Monday announced a ₹ 2 lakh crore investment in deploying fifth-generation or 5G telephony with rollout in metro cities by Diwali.
Jio, the nation's largest telecom operator, has deployed standalone 5G stack rather than upgrading the existing 4G network, to offer ultra-high speed internet, he said at Reliance Industries' 45th AGM.
Jio will launch 5G services by Diwali in metro cities of Delhi, Mumbai, Kolkata and Chennai, he said adding this will be expanded to other cities and towns in phases to cover entire India in 18 months by December 2023.
Jio's ambitious 5G rollout plan will be the fastest in the world, he said.
Further, on the rollout, Ambani said, "We will use our combined wireless and wireline assets to cover 3.3 million square kilometres, India's total land mass, with fibre-quality broadband, connecting even those parts of the country where satellite technology was the only option. We are able to pursue our disruptive ambitions because of the unique aatma nirbhar Research & Development capabilities we have developed at Jio."
