Reliance Jio 5G services were officially launched in India on Saturday. As announced two months ago, the telecom operator finally launched the new era broadband services in the country on Saturday. Jio Chairman Akash Ambani launched the services in Rajasthan from the Shrinathji Temple in Rajsamand. This year, the telecom operator aims to launch 5G services in major cities such as Delhi, Mumbai, Kolkata and Chennai.
The telecom operator intends to expand its 5G network to every city, tehsil and taluka across the country by December 2023, Reliance Chairman Mukesh Ambani said on August 29, while announcing the launch of 5G in India.
Earlier this year, Ambani resigned from Reliance Jio’s board, handing over the reins to his eldest son Akash Ambani.
Meanwhile, Jio will roll out the latest version of 5G called Standalone 5G. It is estimated to invest Rs. 2 lakh crore in 5G infrastructure.
Earlier this month, Reliance Jio launched beta trials of 5G services in the nation’s capital as well as three other cities – Mumbai, Kolkata and Varanasi – with users enjoying download speeds of over 1 Gbps.
According to the company, people will gradually start receiving 5G signals throughout the city in a phased manner. The company has dubbed its standalone 5G technology “Jio True 5G”.
The telecom company on Friday posted a 28% year-on-year increase in net profit for the September quarter to Rs. 4,518 crore as subscriber additions and ARPU boosted achievements.
Its net profit stood at Rs. 3,528 crore in the same previous fiscal period, the phone company said in a regulatory filing. Revenue from Reliance Jio Infocomm (RJIL) operations increased by 20.2% to Rs. 22,521 crore for the just-ended quarter from Rs. 18,735 crore in the year-ago period .