Reliance Jio will begin to roll out its 5G services in select cities by October 2022, even as Reliance Industries Limited Chairman Mukesh Ambani today announced a succession plan.
Mr. Ambani addressed the 45th Annual General Meeting of Reliance Industries (RIL), after son Akash Ambani was named Chairman of Jio.
The company plans to deliver 5G across the country by December 2023, said Mr. Ambani.
‘To build our pan-India true 5G network, we have committed a total investment of INR 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,’ Mr. Ambani said.
Jio plans to increase its 5G footprint month-on-month to cover the entire country, according to the company.
Jio had purchased spectrum worth INR 88,078 crore in the recently-held 5G auctions.
‘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,’ Mr. Ambani said of the company’s 5G ambitions.