Jio earmarks Rs 2 lakh crore for 5G network – 5G service deployment by Diwali

Reliance Jio Infocomm (Jio) announced today that it would invest a total of around Rs two lakh crore (about 25 billion) in its 5G services which it plans to launch in the four metropolitan cities by Diwali this year (24 October).

Speaking at the company’s 45th annual general meeting, Reliance Industries (RIL) chairman Mukesh Ambani said that after the launch of 5G services in Delhi, Mumbai, Chennai and Kolkata, it will be expanded to other cities in phases. The company expects to rapidly cover all of India in 18 months to December 2023. “Jio’s ambitious 5G deployment plan will be the fastest in the world,” he said and added, “It has already deployed this Made-In-India 5G stack in Jio5G network, with enough capacity to serve hundreds of millions of users from day one.”

Jio 5G network will be independent

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