Mukesh Ambani, on the 40th anniversary of their IPO, announced that his Reliance digital group: Jio is progressing to develop a homegrown 5G telecom solution.
In an annual general meeting at Reliance Industry on Wednesday, Mr. Ambani said, “Jio has designed and developed a complete 5G solution from Scratch. It will be ready for trials as soon as 5G spectrum is available and can be ready for field deployment by next year”.
The ones who aren’t aware, 5G is the next generation of mobile broadband. It is to be replaced by the 4G LTE connection. With this broadband (5G), it is expected to be faster on the download and upload speed. Along with this, 5G will offer lower latency.
The 5G spectrum auctions are yet to be taken place in India. This plan has been shifted to launch by the year 2021 due to the poor financial health of the telecom industry.
In just four decades, Reliance has become one of the largest and the most admired companies in the world since it was a start-up: Mukesh Ambani at Reliance AGM.
With over 20 start-up partners, the Jio platform has built a world-class capability in the technologies of 4G, 5G, CLoud computing, Devices and OS, Big Data, AI, AR/VR, Blockchain, Natural Language Understanding, and Computer Vision.
These technologies, when used, can create captivating solutions that can be sprung to form various Industries and ecosystems such as media, Healthcare, Financial Services, Education, Agriculture, Smart manufacturing, Smart mobility, Smart cities, and New commerce: Mukesh Ambani at the AGM.
This will be targeting the next three years for Jio, which will connect at least half a billion customers, along with billions of smart sensors. With over 50 million homes and business establishments, Mr. Ambani pointed.
In the recent breach with the border struggle with China, the development of a 5G network is quite significant as the anticipation of Chinese 5G major Huawei solutions will not be part of the 5G trials.
The other notified information that the RIL CMD announced was that Google would be investing in about 33,737 crores for a 7.7% stake in the Jio platforms Ltd.