In the 5G network auction conducted by the Department of Telecommunications, Reliance Jio won spectrum in the 700 MHz, 800 MHz, 1800 MHz, 3300 MHz and 26 GHz bands. 88,078 crores. The acquisition of this spectrum will enable Jio to build the world’s most advanced 5G network and further strengthen India’s global leadership in wireless broadband connectivity. In addition, the company’s 5G network will enable next-generation digital solutions that will accelerate India’s AI-powered march towards becoming a $5 trillion economy.
Under the sub-gigahertz, the company has the highest amount of sub-gigahertz. spectrum Each of the 22 circles with at least 2X10 MHz of contiguous spectrum in both the 700 MHz and 800 MHz bands. Furthermore, in the middle band, live It is the only operator to have at least 2X10 MHz in the 1800 MHz band (with 2X20 MHz in the six major circles) and 40 MHz in the 2300 MHz band and 100 MHz in the 3300 MHz band in all 22 circles.
Furthermore, in mmWave, Jio has the right to use 1,000 MHz in the millimeter wave band (26 GHz) in each of the 22 circles to enable enterprise use cases as well as provide high-quality streaming services. will be important.
These spectrum bands are acquired for a period of 20 years and cost 88,078 crores. The spectrum payment is to be made in 20 equal annual installments, with interest calculated at 7.2% p.a.
Thereby, RJio will make an annual payment of 7,877 crore for this spectrum. Out of the total, the telecom giant will pay 3,512 crore annually for 700 MHz, 94 Cr for 800 MHz, 628 Cr for 1800 MHz, 3,017 crore for 3300 MHz, and 625 cr for 26 GHz band.
Akash M Ambani, Chairman, Reliance Jio Infocomm said, “We have always believed that India will become a major economic power in the world by embracing the power of breakthrough technologies. It was this vision and conviction that gave birth to Jio. Speed, Jio’s 4G The scale and social impact of the rollout is unmatched anywhere in the world. Now, with a greater ambition and stronger resolve, Jio is poised to lead India’s march into the 5G era.”
In a statement, the company said, Jio has achieved a unique combination of low-band, mid-band and mmWave spectrum, which combined with our deep fiber network and indigenous technology platform, provides us with 5G everywhere and 5G for all. will be able to do. (consumers and enterprises).
With its unmatched 700 MHz spectrum footprint, Jio will be the only operator to offer pan-India true 5G services with fast speeds, low latency and massive connectivity.
Furthermore, through the acquisition, Jio’s total owned spectrum footprint has increased to 26,772 MHz (uplink + downlink), the highest in India.
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