New Delhi: Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani said on Monday that telecom arm Jio has prepared the “world’s fastest 5G rollout plan” and will reach every tehsil of India by December 2023.
Addressing the 45th Annual General Meeting (AGM) of investors on Monday, Ambani said it will be launched by Diwali 2022, which includes the metropolitan cities of Delhi, Mumbai, Chennai and Kolkata. “By December 2023, we will be delivering Jio 5G to every city, taluka and tehsil of India,” the head of the Tel-telco-retail conglomerate said.
Ambani said: “Jio 5G services will connect everyone, everywhere and everything with the highest quality and affordability. We are committed to making India a data-driven economy ahead of China and the US.
Jio will deploy the latest version of high-speed 5G as “standalone 5G”.
Reliance Jio Infocomm bagged spectrum in 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands in the recently concluded 5G auction by the government.
Jio was launched six years back and has set several world records during its last rollout of 4G network in the shortest time.
Ambani also told shareholders that Reliance Retail has achieved a record turnover of Rs 2 lakh crore and EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 12,000 crore. “Today, Reliance Retail is among the top 10 retailers in Asia,” he said.