5G facility will be available in major cities of the country by Diwali. Ambani also announced that 5G facility will be available in all towns in India by December 2023.
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He informed that Jio 5G will be the largest and fastest network in the world. Introducing the most modern technology. The company will introduce the latest version of 5G, ‘Standalone 5G’. The new 5G network will have nothing to do with Jio’s existing network.
Mukesh Ambani began his presentation at the annual general meeting of Reliance Industries by expressing his gratitude to Prime Minister Narendra Modi. He thanked Modi for providing a roadmap for the health of India’s economy for the next 25 years. He said that India has shown growth and stability despite global volatility.
Jio, which created a revolution in the country with 4G service, has now stepped into 5G service, which is seen by common people with hope. Jio’s entry into a country where internet was available at a very low rate is a part of history. With the ease of access to the internet, it has influenced India’s own economy.
Recently Mukesh Ambani divided the telecommunication and retail services to his children. This was also part of an effort to separate the telecom business more efficiently.
Reliance Jio Infocomm acquired the airwaves in the spectrum auction for more than USD 11 billion. The company aims to make the business concrete. The market leading position will help Jio to increase revenue and offer better service to customers.
In the 5G auction, Reliance Jio acquired 24,740 MHz of airwaves for $880.78 billion. Relatively smaller rivals Bharti Airtel and Vodafone Idea spent Rs 430.8 billion and Rs 188 billion respectively. The Adani Group was expected to put up strong competition, but spent only about US$27 million on the auction.
The services will be provided through Reliance Jio’s 700MHz spectrum. Initially, the service is expected to be available in 1,000 major cities in India. At the same time, Airtel is preparing to make its 5G services available in 5000 cities.
Jio now faces the challenge of announcing tariff plans. How much demand there will be for 5G services in the country is also crucial. Those who are satisfied with current 4G services are less likely to move quickly to 5G. Hence, everyone is looking forward to see if the company will implement a similar business strategy of offering 4G service at free and low cost.
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