Akash Ambani bough 5G spectrum worth Rs 88,078 crore from Department of Telecommunications last year.
Akash Ambani and Mukesh Ambani’s Reliance Jio Infocomm confirmed roll out of 5G network in India on Independence Day (August 15) last year after it acquired 5G spectrum for Rs 88,078 crore. As the deadline to pay Rs 7864 crore to DoT as the second installment for the 5G spectrum nears, Akash Ambani has announced that Reliance Jio 5G is now available in each of the 22 Licensed Service Areas (LSA) across each of the spectrum bands, ahead of time under the terms of the spectrum. This makes it the fastest 5G rollout of this scale in the world. With spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands Jio has the highest spectrum footprint. Jio also has 1,000 MHz in the millimetre wave band (26 GHz) in each of the 22 circles which will uniquely enable enterprise use cases as well as provide high-quality streaming services.
Jio has acquired a unique combination of low-band, mid-band and mmWave spectrum, which coupled with the company's deep fibre network and indigenous technology platforms, enables it to provide 5G everywhere. Jio believes that the mmWave spectrum with the additional layer of Jio’s True-5G benefits due to StandAlone deployment, is a critical differentiator enabling it to provide 5G-based business-connectivity solutions that will address millions of small, medium and large enterprises.
“Honouring our commitment to the Government of India, the Department of Telecommunications and the 1.4 billion Indians towards accelerated roll-out of high-quality 5G services, we are proud to announce that we have taken India to the leadership position globally in speed of roll-out of 5G services. We have of course also completed minimum rollout obligations for the 5G spectrum allocated to us.” Akash Ambani said on the occasion.
“Since receiving the 5G spectrum in August last year, our team has been working round the clock to ensure we keep up the pace of 5G roll-out that we had promised to enable pan-India 5G coverage by the end of this year. This is one of the fastest 5G roll-outs of this scale globally and gives India a prominent position on the global 5G map.” Akash Ambani said on the occasion.” he further added.
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