AgenciesIndia's telecom service provider on Monday informed it is working with Alphabet Inc's Google to launch an affordable 5G phone as it laid out a $25 billion plan for introducing the next-generation wireless services within two months.
"Jio has prepared an ambitious 5G roll-out plan," the billionaire tycoon said, adding that the phone being developed with Google would be "ultra-affordable," said Reliance chairman Mukesh Ambani while speeaking at the 45th Annual General Meeting of the company.
5G data speeds in India are expected to be about 10 times faster than those of 4G, with the network seen as vital for emerging technologies like self-driving cars and artificial intelligence.
Reliance's 5G plans throw down the gauntlet to rivals and Vodafone-Idea in the world's second biggest mobile market.
Jio, India's biggest mobile carrier with more than 420 million customers, snapped up airwaves worth $11 billion in a $19 billion 5G spectrum auction earlier this month.
The aggressive 5G strategy builds on Jio's playbook of disrupting India's telecoms market having sparked a price war in 2016 when it launched cheap 4G data plans and free voice services, and later a 4G smartphone costing just $81, again in partnership with Google.
Reliance said it would partner with Qualcomm Inc to provide cloud-based 5G network solutions for businesses, and with Meta Platform Inc for its JioMart shopping integration on WhatsApp. It also announced a foray into private 5G networks.
(With inputs from agencies)
"Jio has prepared an ambitious 5G roll-out plan," the billionaire tycoon said, adding that the phone being developed with Google would be "ultra-affordable," said Reliance chairman Mukesh Ambani while speeaking at the 45th Annual General Meeting of the company.
5G data speeds in India are expected to be about 10 times faster than those of 4G, with the network seen as vital for emerging technologies like self-driving cars and artificial intelligence.
RIL AGM: From True 5G to JioCloud PC, here are the key announcements
Reliance Industries NSE -0.78 % Chairman Mukesh Ambani at the 45th annual general meeting of the oil-to-telecom conglomerate made major announcements ranging from the scheduled launch of 5G telephony by Diwali to sharing strong hints on his succession plan. Watch
Reliance's 5G plans throw down the gauntlet to rivals and Vodafone-Idea in the world's second biggest mobile market.
Jio, India's biggest mobile carrier with more than 420 million customers, snapped up airwaves worth $11 billion in a $19 billion 5G spectrum auction earlier this month.
The aggressive 5G strategy builds on Jio's playbook of disrupting India's telecoms market having sparked a price war in 2016 when it launched cheap 4G data plans and free voice services, and later a 4G smartphone costing just $81, again in partnership with Google.
Reliance said it would partner with Qualcomm Inc to provide cloud-based 5G network solutions for businesses, and with Meta Platform Inc for its JioMart shopping integration on WhatsApp. It also announced a foray into private 5G networks.
(With inputs from agencies)
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