Ambani’s Reliance Jio begins to implement 5G services in India

Mukesh Ambani’s Reliance Jio to offer 5G services on his wireless network as early as this year. Reliance Jio has said that the developed of 5G network infrastructure has achieved sustained gigabit-class throughput, and its entire equipment set is in advanced development stages.

The group’s wireless operator, Reliance Jio Infocomm Ltd. — India’s largest — has started advance tests to prepare the fifth-generation, high-speed network, it said in a statement Friday.

With 5G being one of the most important consumer technologies coming up for 2021 and beyond, India is stepping up the pace in its quest for 5G deployment in the country.

Reliance Jio stated that its homegrown, indigenously developed 5G Core network and 5G radio has already managed to achieve data throughput, or network bandwidth upward of the 1Gbps mark – a sign of super-fast, gigabit class internet networks that are expected to define most internet standards going forward.

Jio has also confirmed that it is presently working on making its own Massive-MIMO and 5G Small Cell equipment that can bolster network speeds and quality in low coverage, indoor areas – typically referred to as ‘blind spots’ in today’s network parlance. The indoor 5G network equipment is “under advanced stages of development,” claims Jio.

Jio will continue to accelerate the roll out of its digital platforms and indigenously developed next generation 5G stack and make it affordable and available everywhere,” said in the statement.

Paying Off

Ambani’s bet on consumer services — telecom and retail — seems to be paying off despite the pandemic, helping the conglomerate offset a slump in its crude oil refining business

Key highlights of Reliance Industries’ quarterly earnings:

  • Net income beat estimates to rise 13% y-o-y to 131.01 billion rupees ($1.8 billion)
  • Consolidated revenue fell 21% to 1.24 trillion rupees
  • Total costs dropped 22% to 1.13 trillion rupees
  • Jio’s 3Q profit at 34.9 billion rupees
  • Jio’s average revenue per user rose to 151 rupees
  • Total debt, as of Dec. 31, stood at 2.57 trillion rupees

We’ll keep you updates as more news of this feature.

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