The leading telecom provider in India announced on Monday that Reliance Industries Ltd.’s Jio will start rolling out 5G services for its customers in the next two months.
The news: Chairman Mukesh Ambani announced at the company’s annual general meeting that the company has committed 2 trillion rupees ($25 billion) to the rollout of 5G services.
- Initially, the corporation will launch 5G in selected cities before expanding to the entire country by December 2023.
- In India’s $19 billion 5G spectrum auction earlier this month, Jio came out on top as the biggest spender, securing airwaves valued at $11 billion.
By October of this year, the Indian government hopes to start rolling out 5G, which it claims can deliver data speeds around ten times faster than 4G. Globally, the next-generation network is regarded as essential for new technologies like artificial intelligence and self-driving cars.