Reliance Industries Commits $25 Billion for 5G Rollout in India

Reliance Industries Commits $25 Billion For 5G Rollout In India - Medium

NEW DELHI—Reliance Industries Ltd. will spend $25 billion to roll out its 5G services in India, starting with the biggest cities in the next two months, company Chairman Mukesh Ambani said Monday, as the country’s largest business group expands its digital footprint.

Reliance Jio Infocomm Ltd., the telecom arm of the oil-to-telecom behemoth, has an ambitious two-trillion-rupee plan for launching the next-generation internet service, Mr. Ambani told investors virtually at the company’s annual general meeting, with the goal of delivering services across the nation by December 2023.

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