HomeNewsTechnologyReliance to invest Rs 2 lakh crore in 5G roll-out, shares plans and opportunities for innovation

Reliance to invest Rs 2 lakh crore in 5G roll-out, shares plans and opportunities for innovation

Speaking at its 45th Annual General Meeting (AGM), chairman Mukesh Ambani said, “To build pan-India True-5G network, Jio will invest Rs 2 lakh crore. The business case for 5G is so strong that we can achieve high-teens ROCE through a combination of mobility market share gains and SUC savings alone.”

August 29, 2022 / 15:51 IST
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RIL chairman and managing director Mukesh Ambani.
RIL chairman and managing director Mukesh Ambani.

Reliance Industries Limited (RIL) on August 29 announced that it will be investing Rs 200,000 crore on rapid roll-out of 5G.

The company’s telecom arm Reliance Jio also announced the launch of Jio 5G Services.

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Speaking at its 45th Annual General Meeting (AGM), chairman Mukesh Ambani said, “To build pan-India True-5G network, Jio will invest Rs 2 lakh crore. The business case for 5G is so strong that we can achieve high-teens ROCE through a combination of mobility market share gains and SUC savings alone.”

“Significant incremental returns will come through creation of new digital platforms and opportunities, including home opportunity,” Ambani added.