Telecom

Reliance Jio is 5G ready, says Mukesh Ambani

Updated : January 18, 2019 07:01 PM IST

Ambani had previously spoken of leveraging the Jio network for launching some sort of e-commerce venture.

Ambani, however, did not say when Jio, that started operations in 2016, will launch 5G services.

Mukesh Ambani, chairman and managing director on Friday said Jio's network is fully 5G ready.

He, however, did not say when Jio, that started operations in 2016, will launch 5G services.

"Today, Gujarat is the showcase for Jio's 4G wireless broadband network... And Jio's network is fully 5G ready; which means Gujarat will continue to remain on the forefront of digital connectivity for years to come," he noted.

Ambani had previously spoken of leveraging the Jio network for launching some sort of e-commerce venture.

"As the world moves towards electrical vehicles, Reliance will use hydrocarbons less for fuel and more for producing high-value new materials with a wide range of uses in society," he said adding the oil to chemicals strategy will greatly boost exports and create employment.

RIL committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat, that may range from energy and petrochemical to new technology and digital business.

"Gujarat is Reliance's Janmabhoomi (birthplace) as well as its Karmabhoomi (workplace). Gujarat has always been - and will always remain - our first choice," he said at the 9th Vibrant Gujarat Global Summit here.

Reliance Industries has also invested billions of dollars in the roll out of telecom venture, Jio.

"We have so far invested nearly Rs 3 lakh crores in the state of Gujarat. And created and catalyzed over one million livelihood opportunities in Gujarat. In comparison to the past decades, Reliance will double this investment and employment numbers over the next ten years," he said.

With inputs from PTI.

Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.

Reliance Jio is 5G ready, says Mukesh Ambani

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