At the 43rd Reliance Annual General Meeting, Mukesh Ambani announced Jio 5G. This will be India’s indigenous 5G solution, made entirely from the ground up. The company will kick-off trials as early as 5G spectrum is out and initial deployments are likely to begin in 2021.
Jio has designed and developed a complete 5G solution from scratch. It will be ready for trials as soon as 5G spectrum is available and can be ready for field deployment next year: Mukesh Ambani at #RILAGM #NayeIndiaKaNayaJosh #Jio— Reliance Jio (@reliancejio) July 15, 2020
So, Reliance Jio 5G will be India’s first 5G network!
This will open up new paradigms of use cases in a future of bleeding-edge technologies like Cloud computing, Devices, OS, Big Data, AI, AR/VR, Blockchain, Natural Language Understanding, and Computer Vision. The company is partnering with over 20 start-ups in this broad scheme.
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The scope will not be limited to Indian society, but the world in general. Reliance envisions creating original intellectual property that’ll set an example of its technological might in the global landscape. As such, the Jio 5G service is intended to be exported to the rest of the world as well, post the country-wide diffusion.
Reliance – Google Deal; a 5G Android Phone
@Google and Jio are partnering to build an Operating System that could power a value engineered, entry-level 4G/5G smartphone. The Jio-Google partnership is determined to make India 2G-mukt: Mukesh Ambani at #RILAGM #NayeIndiaKaNayaJosh #Google #Jio— Reliance Jio (@reliancejio) July 15, 2020
Mr. Ambani also buttressed the need to accelerate the migration of 350 million Indians from a 2G feature phone to an affordable smartphone. So, it is inking a deal with Google to cook a low-powered and value-friendly 4G/5G Android phone. Speaking of Google, the silicon valley giant will invest ₹33,737 cr for a 7.7% stake in Jio services.
Speaking at the AGM, Mr. Ambani said, “Google has empowered millions of Indians to access helpful information and, like Jio, is a force for change and innovation. We welcome Google onboard and are excited about our partnership for what it can deliver to Indians, from universalizing Internet usage to deepening the new digital economy and providing a prime mover to India’s economic growth. Together, we hope to play a strong facilitative role in the transformative journey of building a new, Digital India.”
Meanwhile, Mr. Sundar Pichai, CEO of Google and Alphabet said, “Reliance Industries, and Jio Platforms, in particular, deserve a good deal of credit for India’s digital transformation. The pace and scale of digital transformation in India is hugely inspiring for us and reinforces our view that building products for India first helps us build better products for users everywhere. Google is proud to invest Rs 33,737 crore into Jio. I am excited that our joint collaboration will focus on increasing access for hundreds of millions of Indians who don’t currently own a smartphone while improving the mobile experience for all.”
Reliance AGM 2020 Highlights: Know it All [in Hindi]
Lately, a deluge of foreign brands is investing in Reliance Jio. The recent one is Qualcomm, which has struck a deal to acquire a 0.15% equity stake in Jio for $97 million. With this new infusion, Reliance has raised around $15.7 billion (₹1.17 lakh crores) against a 25.2% stake sale in Jio Platforms.
Amongst other things, Reliance also revealed details on JioMart, Jio Glass, JioTV Plus, JioMeet, and JioMart.