your password has been reset successfully, Please login again.

Reliance Jio Is Likely To Launch 5G In 2020

Reliance Jio Infocomm Limited, a telecommunications company may release 5G services in the latter half of 2020
BY BEx Bureau
BusinessEx
Mar 16, 2019

Reliance Jio Infocomm Limited, a telecommunications company may release 5G services in the latter half of 2020. The move will halt the telecommunication companys arch rivals, Vodafone and Bharti Airtel to gain prominence in the 4G sector as well as benefit from data monetization, said SBI (State Bank of India) Cap securities to the Indian daily news, The Economic Times.

The brokerage firm further added that Reliance Jios decision to accelerate the progress of the 5G project is affected by mega fundraising schemes of Bharti Airtel and Voda, which will soar 4 G capacities.

Rajiv Sharma, who is heading the research at SBI Cap securities, said that he anticipates the Indian government will auction 5G spectrum at the beginning of 2020. Amid the three dominating telecommunication companies, Reliance Jio is the only single firm which is coming up with the sale of 5G airwaves. On the other hand, the two telecoms, Bharti Airtel and VIL, are not willing to conduct an auction, as reported by the Indian daily news, The Economic Times.

A decisive 5G upgrade next year to make competition from Airtel and VIL on the 4G front irrelevant, in its bid to maintain leadership in fast broadband technology, thought and revenue market share fronts, said Sharma.

Please add your Comment
SIMILAR News
April 18, 2019
The acquisition will incorporate an advanced cash consideration of INR 32 crore (ZAR 65 million) ...More
By Jaspreet Kaur
April 18, 2019
The online footwear company said that it will be using the garnered capital to hire experienced prof ...More
By Jaspreet Kaur
April 17, 2019
APL Apollo, an Indian steel manufacturer, has confirmed reports of acquiring a manufacturing unit of ...More
By Jaspreet Kaur
April 17, 2019
TA Associates, an American private equity firm has obtained a small portion of shares in the Indian ...More
By Jaspreet Kaur
April 16, 2019
The California-based Wibmo will operate as a wholly owned subsidiary of PayU ...More
By Jaspreet Kaur
April 16, 2019
CureFit is actively acquiring companies to expand its business for almost a year now ...More
By Jaspreet Kaur
April 12, 2019
The microcredit company, Sindhuja Microcredit, is the new generation financing firm which caters fin ...More
By Jaspreet Kaur
April 11, 2019
International Finance Corporation (IFC), a sister company of World Bank, has decided to endow money ...More
By Jaspreet Kaur
April 11, 2019
The Indian IT giant, Tech Mahindra will acquire 18.1 per cent stakes in Vitaran Electronics and Info ...More
By Jaspreet Kaur
April 10, 2019
The online investment market is a forthcoming theme in fintech (financial technology) sector ...More
By Jaspreet Kaur
April 10, 2019
Owing to the cut-throat competition prevailing in the e-commerce sector, the small etailer, Shopclue ...More
By Jaspreet Kaur
April 09, 2019
The Bengaluru-based healthcare firm, Mfine will raise $17 million from the first round of funding ...More
By Jaspreet Kaur