Reliance Jio 5G ready to launch in India. Today, Mukesh Ambani has announced that Jio is going to enter in the 5G segment in India. Asia’s richest man and Managing Director of Reliance Industries Limited was also announced that Google will invest Rs 33.737 crores for a 7.7% stake in Jio Platforms at the 43rd Annual General Meeting (AGM) today.
Mukesh Ambani on Reliance Jio 5G
Mukesh Ambani said “Today, I have great pride in announcing that Jio has designed and developed a complete 5G connectivity from scratch. This will enable us to launch a world-class 5G service in India, using 100% homegrown technologies and solutions,” while addressing the shareholders, prospective investors, media, and the general public at 43rd Annual General Meeting.
Mukesh Ambani said this service will be ready as soon as the 5G spectrum is available in India. He also assured that moving from 4G to 5G will be easy. “Once Reliance Jio 5G solution is proven at India’s scale, Jio Platforms would be well-positioned to be an exporter to other telecom operators globally as a complete managed service,” he added.
The last investment in RIL was made by Search Engine Boss “Google” of about Rs 33,737 Crore. Apart from Google, Facebook, Qualcomm, Intel, and other tech giants have also invested in Jio in the last couple of months. Facebook remains the largest investor in RIL so far with USD 5.7 billion.
In the last few months, Reliance Jio has sold 27 percent of the stakes and raised a total of Rs 1.52 lakh crore.
RIL also said that once it will be set up in India, the company wants to offer it to other global telecom operators.