5g
By Mohammed Kudrati Reliance Industries Chairman Mukesh Ambani made key announcements as part of its 45th annual general meeting (post-IPO), which included a rollout of its much awaited 5G services by Reliance Jio. The 5G services will be launched in key cities by Diwali. The group's retail arm Reliance Retail will also be entering the FMCG (fast moving consumer goods) business soon. Here are some key developments announced at the AGM by the oil-to-telecommunications conglomerate. 1. Reliance JioReliance Jio remains India's largest telecom operator by subscribers at more than 400 million, said...
BOOM Live
By Mohammed Kudrati India's biggest telecom auction for 5G spectrum has kicked off today, with India's three established mobile communication players - Reliance Jio, Bharati Airtel and Vodafone Idea - being joined by new entrant Adani Data Networks. At its base price, the spectrum is worth ₹4.3 lakh crores (₹4.3 trillion). The auction would last all day but could spill into tomorrow if the demand for the spectrum exists and bidding continues. Each of these players paid an earnest money deposit: Jio's was the highest at ₹14,000 crores, followed by Airtel at ₹5,500 crores, cash-strapped Vodafone...
BOOM Live
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