Reliance Jio is working to bring services like mobile broadband Jio Fiber to 300 million users to accelerate the digital revolution. This has benefited 5 crore households and 5 MSMEs of the country.
Reliance Industries has announced to speed up 5G service in India in its annual report. Reliance Jio’s 5G based service will be completely indigenous. According to the report, Jio will play a leading role in India’s digital revolution. Reliance Jio is working to bring services like mobile broadband, Jio Fiber to 300 million users to accelerate the digital revolution. This has benefited 5 crore households and 5 MSMEs of the country.
Development of 5G infrastructure will get momentum
Reliance Jio Chairman Mukesh Ambani has conducted a successful 5G trial with the partnership of Qualcomm and Jio in the company’s annual report. The maximum speed of 1Gbps has been achieved during the trial of Jio 5G. According to the report, JPLs, a wholly owned subsidiary of RADISYS along with Jio and Qualcomm, has developed an open and interoperable interface-optimization based 5G solution, which is equipped with virtualized RAN (vRAN). With the help of this, it will help to develop indigenous 5G infrastructure and other 5G based services in India.
Investment in Reliance Jio Platforms
Jio has invested US$ 50 billion in India to develop advanced and digital connectivity in India. Qualcomm Ventures, the investment arm of Qualcomm Incorporated, has announced an investment of Rs 730 crore in Jio Platforms, the digital wing of Reliance Industries. Through this investment, Qualcomm Ventures will buy a 0.15 percent stake in RIL’s digital arm. This investment will further deepen the ties between Qualcomm and Jio Platforms and help Jio Platforms build 5G infrastructure in the country and provide service to Indian customers.
Outlining the key takeaways of FY 2020-21, the report said that Jio Platforms (JPL) completed fundraising of Rs 1,52,056 crore across 13 global marquee investors. Other highlights included completion of testing of indigenously developed end-to-end Jio 5G Radio and Core Network Solution for a self-sufficient and cost-effective rollout in the near future.
Over the next few years, Jio would focus on creating a “robust” wireline network across the country, offering high-speed connectivity and a bouquet of digital services to every home and enterprise, it pledged. “Jio is geared up to touch the lives of over a billion Indians through its digital offerings,” it said.
To date, Jio has been granted 371 patents across multiple jurisdictions. In FY 2020-21 alone, the company filed for 38 patents and was granted 40. Among the key technology areas covered by the patents are Quantum Blockchain Network Technology, Deep Learning Applications in Health and Agriculture, and AI Industrial IoT Automation.