Jio will capture lion's share of growing 5G market, says RIL chairman Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani said on 29 August that Jio telecom is poised to capture the lion’s share of the expanding 5G market.

Reliance Industries Chairman Mukesh Ambani said on 29 August that Jio telecom is poised to capture the lion’s share of the expanding 5G market.

In his address to shareholders at the company’s 47th AGM, Ambani asserted the adoption on Jio’s network would rise with smartphones becoming more affordable.

“Today, nearly all smartphones over Rs 8,000 sold in India are 5G-ready. As 5G phones become more affordable, 5G adoption on Jio's network will accelerate, further boosting data consumption,” said Ambani, adding: “With Jio's lead in 5G coverage, capacity, and quality, we expect to capture the lion's share of the accelerating 5G adoption.”

The RIL chairman announced the completion of the pan-India rollout of Jio True 5G, marking it as the largest and fastest 5G deployment worldwide. Jio now operates over 85 percent of the 5G radio cells in India, offering extensive coverage and high-quality network performance. Jio True 5G has achieved the fastest adoption rate globally, with over 130 million customers joining the network within two years.

Jio is among the first globally to fully harness the power of 5G, thanks to its advanced 5G Standalone Architecture, Carrier Aggregation, and Network Slicing technologies, said Ambani.

Moreover, with the shift to 5G, Jio’s expanding 4G network capacity will enable the integration of over 200 million 2G users. The JioBharat initiative, offering entry-level 4G phones at prices lower than 2G phones, aims to facilitate this transition. “Nearly half of the 2G users upgrading their devices are choosing JioBharat, reflecting the unmatched value of our offerings,” Ambani said.

Further, in the home broadband segment, “We are now challenging ourselves to add a million homes every 30 days,” Ambani said. He expressed confidence in reaching a target of 100 million home broadband customers at record speeds.

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