Jio, India’s largest digital services provider, announced that it has acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands in the auctions conducted by the Department of Telecommunications, Government of India.
The acquisition of the right to use this spectrum will enable Jio to build the World’s most advanced 5G network and further strengthen India’s global leadership in wireless broadband connectivity. Jio’s 5G network will enable the next generation of digital solutions that will accelerate India’s AI-driven march towards becoming a US$ 5+ trillion economy.
Jio has been a front-runner in embracing technologies of the future and unlocking their full potential for the benefit of India, Indians and Indian businesses. Jio has demonstrated its visionary commitment yet again, as India enters the 5G era. As with Jio 4G that blurred the line between Bharat and India and provided every Indian the best connectivity at the most affordable price globally, Jio 5G will ensure that every Indian gets to access the most transformative digital services and platforms offered anywhere in the world.
Total cost of acquiring the right to use the above technology agnostic spectrum for a period of 20 years is Rs. 88,078 crore.
The enhanced network capacity would address the rapidly growing data demand on Jio network which already carries one of the highest wireless data traffic in the world. Jio’s extensive fibre-based offering, now supplemented by wireless home offering, will catapult India to leadership in home broadband services in the same way that Jio took India to global leadership in mobility services.
Shri Akash M Ambani, Chairman, Reliance Jio Infocomm
We have always believed that India will become a leading economic power in the world by adopting the power of breakthrough technologies. This was the vision and conviction that gave birth to Jio. The speed, scale and societal impact of Jio’s 4G rollout is unmatched anywhere in the world. Now, with a bigger ambition and stronger resolve, Jio is set to lead India’s march into the 5G era.
