Mukesh Ambani, chairman of Reliance Industries Limited, spoke to the company’s annual shareholders meeting. He said that India’s 4G services will start on December.
Reliance Telecommunications Company and Alphabet Inc’s Google are working together to introduce a new budget 5G smartphone, which will be released in two months.
Reliance Chairman Mukesh Ambani said that Jio’s 5G network will launch in main cities such as New Delhi and Mumbai. By December of next year, their 5G network will be fully rolled out across India.
Ambani only said that the phone created with Google would be “ultra-affordable.” This is in contrast to the $150 for 5G phones currently. Currently, about 700 million people, or roughly 100 million households, don’t have a smartphone and need access to this phone.
AI devices that are more affordable are going to be necessary in order to bring 5G technology to the masses.
5G data speeds in India should be much faster than 4G, and would be perfect for emerging technologies like self-driving cars.
Reliance’s 5G plans will shake up their competitors, Bharti Airtel and Vodafone-Idea in the world’s second-biggest mobile market. Shares in Airtel and Vodafone closed down 1.3% and 3.3%, respectively in the weak Mumbai market on Tuesday, while Reliance also slipped 0.78%.
India’s biggest mobile carrier, Jio, bought airwaves worth $11 billion in a recent $19 billion 5G spectrum auction. Jio has 420 million customers and bought airwaves worth $11 billion in a recent $19 billion 5G spectrum auction.
Jio’s 5G strategy will help India compete with other countries by providing cheap, powerful data.
Reliance partnered with Meta Platform Inc. to allow people to shop on Reliance Jio Mart via WhatsApp.
Reliance will be launching a new consumer goods company this year to compete with other companies in the same line of work.
An article by Reuters exclusively reported in May that Reliance Industries has plans to acquire dozens of grocery and non-food brands.