Reliance Industries chairman Mukesh Ambani on Tuesday announced that Reliance Jio has plans to roll out 5G services in India in the second half of 2021. He said this during his address at the India Mobile Congress.
The Reliance chief, however, said that policy steps are required to accelerate the early rollout of 5G services in India and more importantly to make it easily available and affordable.
Mukesh Ambani said: “I assure you that Jio will pioneer the 5G Revolution in India in the second half of 2021. It will be powered by an indigenous-developed network, hardware and technology components. Jio’s 5G service will be a testimony to your inspiring vision of Aatmanirbhar Bharat.”
5G to boost India’s progress, says Mukesh Ambani
Ambani also added that the entry of 5G network in India India will help in the country’s attempts to become “Atma Nirbhar” and will also enable the country to play a greater role in the fourth industrial revolution by leading it from the front.
“Jio’s 5G service will be a testimony to your inspiring vision of Atma Nirbhar Bharat. I can say with utmost confidence that 5G will enable India to not only participate in the Fourth Industrial Revolution but also to lead it.”
Sunil Mittal thinks otherwise
While Mukesh Ambani said that the rollout of 5G can happen by the second half of 2021, his arch-rival in telecom business Sunil Mittal of Bharti Airtel thinks otherwise. Sunil Mittal said that the rollout of 5G services in India will take another two-to-three years.
Notably, Airtel’s chief executive officer Gopal Vittal had earlier said that the ecosystem for 5G in underdeveloped in India and the spectrum required for the rollout of 5G services was expensive.
Jio Platforms garners huge investment
Jio Platforms Limited, a wholly-owned subsidiary of Reliance Industries Limited, raised 152,056 crore INR from leading global investors. The list includes Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF, Intel Capital and Qualcomm Ventures.
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