Reliance Jio has earmarked ₹2 lakh crore investment for 5G network and plans to launch the high-speed services in key cities by Diwali, Reliance Industries Ltd. chairman Mukesh Ambani said .
While speaking at Reliance Industries’ 45th annual general meeting, Ambani said Jio will roll out 5G services across India by December 2023.
“To build our pan-India true 5G network, we have committed a total investment of ₹2 lakh crore. Jio has prepared the fastest ever and most ambitious 5G rollout plan for a country of our size. Within the next two months. That is by Diwali, we will launch Jio 5G across multiple key cities including metro cities of Delhi, Mumbai, Chennai and Kolkata,” he said.
Ambani said subsequently the company plans to increase Jio 5G footprint month-on-month until December 2023, to deliver Jio 5G to every town, every taluka and every tehsil of the country.
After buying spectrum worth ₹88,078 crore in the auctions, Reliance Jio said earlier this month it is gearing up to roll out an advanced 5G network to make India a global leader in digital connectivity and solutions.