Delhi, August 29th, 2022: Reliance Industries Ltd’s Jio will start rolling out the world’s largest standalone 5G services for its subscribers in metro cities in the next two months, the company chairman Mukesh Ambani announced at RIL 45th AGM on Monday.
Ambani said Jio 5G services will connect everyone, every place, and everything with the highest quality and affordability. “We are committed to making India a data-powered economy even ahead of China and US,” Ambani added.
The business tycoon also announced a ₹2 lakh crore investment in deploying fifth-generation or 5G telephony with a rollout in metro cities by Diwali.
The 5G services will be first introduced in the metro cities of India in the next two months and will soon cover the entire country by Diwali next year.
The ‘Standalone 5G’ will have zero dependency on the previous 4G connection services.
During the AGM, Ambani also introduced his daughter, Isha Ambani as the leader of Reliance Group’s retail business.
The objective of the retail business will be to develop and deliver products and solve every Indian’s daily needs, with high-quality products at affordable pricing.
Ambani also named his son, Anant as the chairman of the telecom unit, Reliance Jio Infocomm, earlier this year.
Earlier this month, Jio emerged as the biggest spender in India’s $19 billion 5G spectrum auction, winning airwaves worth $11 billion.
