Reliance Jio to invest Rs.2 lakh crores in 5G rollout

Reliance Jio to invest Rs.2 lakh crores in 5G rollout

Indian Market
by 5paisa Research Team Last Updated: 2022-08-29T17:50:30+05:30

On August 29, Reliance Industries Limited (RIL) declared that it would spend Rs 200,000 crore on the quick roll-out of 5G.

The launch of Jio 5G Services was also announced by the company's telecom division, Reliance Jio.

Chairman Mukesh Ambani stated at the company's 45th Annual General Meeting (AGM): "Jio will invest Rs 2 lakh crore to build pan-India True-5G network. The business case for 5G is so compelling that we can only reach high-teens ROCE by increasing mobility market share and reducing SUC costs.

The development of new digital platforms and opportunities, such as the home opportunity, will result in significant incremental returns," Ambani continued.

5G Services to be available by Diwali in Metropolitian cites:

By the time of Diwali in 2022, according to Ambani, 5G services will be available in Delhi, Mumbai, Chennai, and Kolkata. By December 2023, "full pan-India coverage," he added.

According to the company, the number of internet-connected devices will double to 1.5 billion through 5G, from its current 800 million, in a year.

Reliance Jio purchased spectrum in the 5G auctions earlier this month for Rs 88,078 crore. It purchased the 700 MHz spectrum, which will be used to develop standalone 5G architecture and has benefits like a low latency 5G experience, among others.

Bharti Airtel, on the other hand, intends to launch using a non-standalone architecture that builds on top of the existing 4G infrastructure.

Jio’s Standalone 5G:

Jio will roll out the most recent 5G technology, known as Stand-Alone 5G, which it claims will be completely independent of the 4G network. According to Ambani, Jio will be able to offer new and potent services like low latency, widespread machine-to-machine communication, 5G voice, Edge computing and network slicing, and metaverse with Stand-Alone 5G.

The majority of operators in India are implementing Non-Standalone 5G, which is delivered over the current 4G infrastructure and has significant limitations. It is unable to deliver the revolutionary enhancements in performance and capability made possible by 5G. Video content already makes up nearly 80% of all Jio Fiber content consumption; Stand-Alone 5G will increase that even more.

In addition to improving all of our current mobile experiences, 5G will also introduce novel and novel experiences. Jio True 5G, for instance, offers extremely low latency, making it possible to use real-time applications like Cloud gaming while on the go. Additionally, it will soon make it possible for immersive experiences like augmented reality to be enjoyed with JioGlass and comparable gadgets from Jio's partners.

JioAirFiber:

Akash Ambani, the chairman of Reliance Jio, also unveiled JioAirFiber, a high-speed fixed broadband product derived from Jio's 5G offerings.

It's a wireless, one-device solution, he said, and all you have to do to use it is turn it on.

"The two-way interactivity enabled by JioAirFiber will create unique and highly engaging experiences for the entire family such as interactive live content, cloud gaming, immersive shopping and much more, with focus on continuously enhancing customer experience and privacy," Akash Ambani said.

Chairman of Reliance Industries Kiran Thomas stated that customers can choose to use a virtual PC that will be hosted in the cloud with JioAirFiber.

Thomas claimed that customers could save money in this way. “We have named this concept the Jio Cloud PC. No large upfront investments, no upgrades. You only pay to the extent you use the Cloud PC, resulting in a super-affordable way to bring the power of a PC, even multiple PCs, to every Indian home and business,” Thomas added.

Jio Cloud PC:

Thomas discovers the use of Jio Cloud PC in big businesses. Thomas mentioned that Jio's proposed 5G can be used to build private 5G networks for big businesses while discussing the various uses for the technology. “Factories of the future' and Industry 4.0, where reliability and performance are top-most concerns, will be powered by private 5G, working hand-in-hand with Operations and Information Technology,” Thomas said.

Akash Ambani also sees diverse applications of 5G in technologies such as drones and so on. “Take Agriculture: Jio 5G-connected drones can be used for spraying organic fertilisers on crops across large tracts of farmland in a timely manner, thereby improving yield and reducing cost for our farmers,” Akash Ambani said.

Customers can get a demonstration of the use cases and innovations that are possible and being worked on by the company at Jio's upcoming 5G experience centre, which will open in Mumbai soon.
 


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