Jio brings 5G – Jio Platforms Ltd. is working with Qualcomm Inc. to develop 5G solutions for India.
Indian billionaire, Mukesh Ambani’s Jio Platforms Ltd. is working with Qualcomm Inc. to develop 5G solutions and accelerate efforts to bring the high-speed network to the world’s No. 2 mobile market by users.
Jio, which also is the tycoon’s wireless operator, and its wholly owned U.S.-based unit Radisys Corp. are partnering with Qualcomm Technologies to “fast track the development and roll out of indigenous 5G network infrastructure and services in India,” per a joint statement late Tuesday.
While India has yet to auction airwaves for 5G, Ambani has been preparing Jio for the fifth-generation wireless service with what he calls a technology developed in-house. meaning his carrier won’t need to spend much to change to the new system, unlike a number of its rivals, according to him. That also leaves Jio resistant to political disputes linked to Chinese equipment vendors that global operators are embroiled in.
Ambani has also expressed interest in selling the technology to other carriers if it’s unrolled successfully in his home market. Jio debuted in India four years ago, offering free calls and cheap data. the corporate is additionally aiming to introduce a cheap 5G smartphone that might eventually cost less than $40, Press Trust of India reported on Oct. 18, citing an official.
With Jio at the core of his ambitions, Asia’s richest man has set about transforming his energy conglomerate Reliance Industries Ltd. into a technology titan. Reliance Industries recently completed a transaction to sell a 0.15 per cent stake in Jio Platforms for ₹ 730 crore to Qualcomm Ventures, a deal announced in July this year.
Jio Platforms has raised over ₹ 1.5 lakh crore through stake sale thus far this year. Its investors include Facebook, Google, Silver Lake, KKR, Mubadala and Abu Dhabi Investment Authority (ADIA).
Currently, only few countries such the US, South Korea , Australia, Switzerland and Germany are able to achieve speeds to the tune of 1 GB per second for their 5G subscribers.