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Reliance Jio to launch 5G services by Diwali in key cities, says Mukesh Ambani

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Mumbai, Aug 29: Billionaire Mukesh Ambani on Monday said Jio 5G services will start rolling out to customers in New Delhi, Mumbai, Kolkata, and Chennai starting Diwali. By December 2023, Jio will roll out 5G services to every nook and corner of India.

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Reliance Jio to launch 5G services by Diwali in key cities, says Mukesh Ambani

While speaking at Reliance Industries' 45th annual general meeting, Ambani said Jio will roll out 5G services across India by December 2023.

''To build our pan-India true 5G network, we have committed a total investment of Rs 2 lakh crore. Jio has prepared the fastest ever and most ambitious 5G rollout plan for a country of our size. Within the next two months. That is by Diwali, we will launch Jio 5G across multiple key cities including metro cities of Delhi, Mumbai, Chennai and Kolkata,'' he said.

Jio 5G: Mukesh Ambani announces 'standalone' Jio 5G services, launch by DiwaliJio 5G: Mukesh Ambani announces 'standalone' Jio 5G services, launch by Diwali

Ambani said subsequently the company plans to increase Jio 5G footprint month-on-month until December 2023, to deliver Jio 5G to every town, every 'taluka' and every 'tehsil' of the country.

After buying spectrum worth Rs 88,078 crore in the auctions, Reliance Jio said earlier this month it is gearing up to roll out an advanced 5G network to make India a global leader in digital connectivity and solutions.

The company had emphasised that it is fully ready for 5G rollout in the shortest period of time, backed by nationwide fibre presence, an all-IP network with no legacy infrastructure, an indigenous 5G stack and strong global partnerships across the technology ecosystem.

Ambani during the AGM said with 5G in place, Jio will launch billions of smart sensors with connected intelligence that will trigger the Internet of Things and fuel the fourth Industrial Revolution.

''It will connect everyone, every place and everything with the highest quality and most affordable data,'' he said.

Ambani said Jio made strong progress in fibre and FTTH deployment with a pan-India fibre-optic network of more than 11 lakh route kilometres.

He said two out of every three new fibre-to-the-home (FTTH) customers are choosing JioFiber.

In about two years of commercial rollout of its fixed-line broadband services, Jio toppled 20-year-old state-run telecom company BSNL as top service provider in the segment in January.

''India is ranked 138th in the world in fixed broadband adoption. Jio will take India to be among the top 10 globally in fixed broadband adoption,'' Ambani said.

''India stands as a beacon of growth and stability amid global crisis. There is severe economic stress in many parts of the world. There is uncertainty due to heightened geopolitical tensions and global risks. Amid global crisis, India stands as a beacon of growth and stability, he said.

''Reliance's exports grew a massive 75 percent to cross 2,50,000 crore. We accounted for nearly 8.4 percent of India's merchandise exports in the year, up from 6.8 percent last year,'' Ambani said.

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He said,"Reliance has continued to make all-round progress across its businesses. Our company became India's first corporate to cross $100 billion in annual revenues. Reliance's consolidated revenues grew 47 percent to Rs 7.93 lakh crore, or $104.6 billion. Reliance's annual consolidated EBITDA crossed a crucial milestone of Rs 1.25 lakh crore. And in true We Care spirit, Reliance Foundation continued to benefit millions of people across the country."

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