India’s Reliance Jio to launch 5G services within 2 months
NEW DELHI (Reuters) -Reliance Industries Ltd’s Jio will begin rolling out 5G services for its subscribers in the next two months, India’s top telecom company said on Monday.
The company has committed 2 trillion rupees ($25 billion) to roll out the 5G services, Chairman Mukesh Ambani said at the company’s annual general meeting. The company will start rolling out 5G in key cities before covering pan-India by December 2023, he added.
Earlier this month, Jio emerged as the biggest spender in India’s $19 billion 5G spectrum auction, winning airwaves worth $11 billion.
The Indian government aims to begin the rollout of 5G – which it says can provide data speeds about 10 times faster than 4G – by October this year. Globally, the next generation network is seen as vital for emerging technologies like self-driving cars and artificial intelligence.
($1 = 79.9550 Indian rupees)
(Reporting by Munsif Vengattil in New Delhi; Editing by Subhranshu Sahu)
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