Reliance Jio Spends ₹88,078 Crores To Roll Out 5G Services In India
By Chairman Akash Ambani says that Reliance will lead the new 5G movement in India by celebrating “Azadi ka Amrit Mahotsav” with a “pan India rollout.”
Key Points:
- Reliance bought 5G spectrums worth ₹88,078 Crores on 1 August 2022 to prepare for the roll-out of 5G services in India.
- The company bought spectrums ṣof 700 MHz, 800 MHz, 1800 MHz, 3300 MHz, and 26 GHz.
- MD Mukesh Ambani has stated that Jio 5G will enhance the use of AI in providing digital solutions, which will become a $5 trillion-plus market.
Reliance Digital bought 5G spectrum waves worth ₹88,078 crores in an auction held by the national Department of Telecommunications on Monday, 1 August 2022. The company has bought the rights to use these digital spectrums for the next 20 years, for which it needs to pay ₹7,877 Crores annually.
Reliance also stated that they had made all the preparations for creating the infrastructure so far and are now ready to launch 5G Reliance networks and services all across India. This will help various industries like healthcare, production, education, agriculture, and e-governance.
So far, the company has proclaimed the fact that it has already created the infrastructure for supporting 5G networks across all cellular devices in India. For this, it has increased the presence of Reliance network fibers all across India.
In addition, it has also created an all-IP-based network with new infrastructures. Reliance has also been working on creating native 5G stacks supported by strong global partnerships with other technology firms.
The company has acquired paired spectrums of 700 MHz, 800 MHz, and 1800 MHz bands with unpaired spectrums of 3300 MHz and 26 GHz bands. It is the only Indian telecommunications firm to make use of the 700 MHz spectrum to allow its towers to cover a larger area of approximately 10 km in all the 22 circles it has designated in the country,
Amongst other firms, Bharti Airtel also bought 19,867 MHz spectrums for ₹43,084 Crores, while Vodafone also bought spectrums worth ₹18,784 Crores.
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