India's biggest telecom carrier by subscribers said net profit rose to Rs 4,518 crore ($545.2 million) in the second quarter ended September, from Rs 3,528 crore a year ago.
Nokia will supply Reliance Jio, which has more than 420 million customers, with 5G radio access network (RAN) equipment in a multi-year deal, the company said in a statement.
PM Modi launched 5G services on 1 October amid much fanfare. On Wednesday, a meeting between the Ministry of Electronics and IT officials was dedicated to its quick adoption.
The laptop, to be called JioBook, will be embedded with a 4G sim card and will be available to customers such as schools and govt institutes from this month, sources said.
Airtel and Vodafone networks will be using the existing 4G infrastructure in India to build their 5G network while Reliance will use a sophisticated standalone network.
Addressing investors at Reliance Industries Ltd’s 45th Annual General Meeting, the billionaire said the company was committed to making India a data-powered economy ahead of China, US.
While Adani group bought spectrum in the 26 GHz band, which is not for public networks, Jio acquired the coveted 700 MHz spectrum that can provide 6-10 km of signal range.
Ambani this week put in motion his own succession plan -- eldest Akash to helm Jio, twin Isha expected to head retail while youngest Anant to preside over oil-to-chemicals business.
Jio Platforms has entered into a joint venture with Luxembourg-based SES to deliver the next generation scalable and affordable broadband services in India.
While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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