Highlights:
- Reliance Jio to launch 5G in the second half of 2021
- Chairman of Jio, Mukesh Ambani, calls for policy development to aid in early implementation of 5G in India
The 5G technology in India could be rolled out as soon as by the second half of 2021 by Reliance Jio Infocomm Limited, said Chairman of Reliance Industries Limited (RIL) and the richest man of India, Mukesh Ambani.
Ambani added that the solution for the 5G wireless service will be built indigenously.
Speaking at the 4th edition of the India Mobile Congress (IMC 2020), Mukesh Ambani said, the country is in need of policy developments so that 5G service can see early implementations.
Ambani said, “I assure you that Jio will pioneer the 5G revolution in India in the second half of 2021. It will be powered by the indigenous-developed network, hardware and technology components”.
While Reliance Jio is talking about the rollout of 5G services in India as soon as the spectrum is sold, rivals Vodafone Idea Limited and Bharti Airtel Limited, both, believe that the 5G technology is at least 2 years away given India lacks the ecosystem for it and the reserve price for the spectrum is way too expensive.
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Back in October, Jio Platforms Limited had announced that it is working with the US-based tech giant Qualcomm Inc. for the development of 5G solutions and also to accelerate its efforts to bring the high-speed network to the world’s second biggest mobile market in terms of subscribers.
The 63 year old Indian business magnet, at the 43rd Annual General Meeting (AGM), in July, said, “Jio has developed a complete 5G solution from scratch. This will enable us to launch a world class 5G service in India using a 100% homegrown technology and solution”.
Mukesh Ambani had said that the “Made in India” solution will be field ready by next year (2021) and added that Jio will easily be able to upgrade its 4G network to 5G given the converged network infrastructure of the telco.
The 5G technology will lead to enhance user experience with faster data speeds, lower latency communications as well as enhanced digital experience across the connected devices including Smartphone, Laptops, Augmented and Virtual Reality products and the Internet of Things (IoT) solutions.
In just 4 months in 2020, Reliance Jio Platforms managed to raise ₹ 1.52 trillion (1.52 lakh crore) from investors including Facebook and Google Inc.
Qualcomm Ventures, the investment arm of the US based tech giant Qualcomm Inc., has also invested ₹ 730 crore in Jio Platforms for a 0.15 % stake.
