Jio emerged as the biggest spender in India’s USD 19 billion 5G spectrum auction, winning airwaves worth USD 11 billion
Reliance Industries’ 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 (USD 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 USD 19 billion 5G spectrum auction, winning airwaves worth USD 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.
(Reuters)