Reliance Jio will spend $25 billion to launch 5G in October and reach all cities by the end of 2023 – TechCrunch

Reliance Jio Infocomm, India’s leading mobile telecommunications operator, will spend $25 billion to launch its 5G services in key cities this Diwali in October, the company announced at its annual general meeting on Monday. The company, which has more than 421 million subscribers, will expand its 5G network to “every city” in India by the end of 2023, he said.

Mukesh Ambani of Reliance Industries said that Jio will deploy a standalone 5G architecture that does not rely on the existing 4G network and therefore offers superior performance. The company can connect 100 million homes to its 5G network and further accelerate its connectivity ambitions with fixed broadband services, he said.

The company unveiled the AirFiber, a 5G plug-and-play wireless hotspot that doesn’t require fiber optic cables to reach homes, he said.

“Jio has developed a JioAirFiber Home Gateway, which is a wireless, simple, one-device solution for having a Wi-Fi hotspot in a home, connected to ultra-high-speed Internet using true 5G”, did he declare.

“With just one JioAirFiber device, it will be very easy to quickly connect any home or office to the Internet at Gigabit speeds. Thanks to the simplicity of JioAirFiber, hundreds of millions of homes and offices can be connected to ultra broadband -fast in very short time.With it, India can rank among the top 10 nations even for fixed broadband.

The announcement follows mogul Ambani’s Jio – which counts Google and Meta among its backers – spending $11.13 billion to buy more 5G airwaves than any other telecom operator in the country.

The company is working with Meta, Google, Microsoft, Intel and Qualcomm to expand their joint collaborations, Ambani said.

With Meta, Jio is working on developing immersive technology and the metaverse, while the Indian firm and Google are working on ultra-affordable 5G smartphones and collaborating on Google Cloud in the country, he said. Microsoft and Jio signed an agreement in 2019 to bring Office 365 and other solutions to small businesses. The companies said they were working to expand their enterprise app offerings.

Jio said it is also expanding its partnership with Qualcomm to develop 5G solutions for India, which the two companies say can be extended outside the country.

Jio Platforms is looking to offer a range of sophisticated offerings including simultaneous camera viewing for live cricket matches, he said. Viacom18 – a venture between Ambani’s Reliance and Paramount – secured the rights to stream the Indian Premier League cricket tournament in the Indian subcontinent region with a $3 billion bid recently, beating rivals including Disney. The company is also exploring 5G applications in virtual reality, augmented reality, healthcare and agriculture, Ambani said.

Reliance, a $221 billion empire, is also venturing into cloud PC, with a service called Jio Cloud PC, Ambani said. “With no upfront investment or periodic upgrade tension, a user only has to pay for as much as it is used, providing a very affordable way to bring the power of one PC, even multiple PCs, to every Indian home and business,” the company said.

Comments are closed.