India’s Jio 5G services have been launched ahead of the Diwali holiday

Jio has stated that it plans to introduce 5G services this year in significant cities including Delhi, Mumbai, Kolkata, and Chennai.

On Saturday, Reliance Jio 5G services were formally introduced in India. On Saturday, the telecom provider finally introduced the nation to the latest high-speed services, as was previously announced two months ago. From the Shrinathji temple in Rajsamand, Jio Chairman Akash Ambani has begun offering services in Rajasthan. The telco plans to roll out 5G services this year in significant cities like Delhi, Mumbai, Kolkata, and Chennai.

By December 2023, the telecom provider plans to extend its 5G network to every town, tehsil, and taluka in the nation, according to Reliance Chairman Mukesh Ambani, who made the announcement on August 29 about the introduction of 5G in India.

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Earlier this year, Ambani handed over control of Reliance Jio to his eldest son Akash Ambani by resigning from the company’s board.

Jio will roll out standalone 5G, the most recent iteration of 5G. An estimated Rs. 2 lakh crore would be spent on 5G infrastructure.

Reliance Jio launched beta tests of 5G services earlier this month in the nation’s capital and three additional cities, Mumbai, Kolkata, and Varanasi, with consumers receiving download speeds of more than 1 Gbps.

The company claims that 5G signals would be gradually made available to users throughout the entire city in a staged way. The business has given their standalone 5G technology the moniker “Jio True 5G.”

As subscriber additions and ARPU increased realisations, the telecom operator on Friday reported a 28 percent year-on-year increase in its net profit for the September quarter at Rs 4,518 crore.

The telco reported in a regulatory filing that its net profit for the same period in the prior fiscal was Rs. 3,528 crore. Reliance Jio Infocomm (RJIL) had a 20.2 percent growth in operating revenue for the most recent quarter, going from Rs. 18,735 crore to Rs. 22,521 crore.