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Jio Platforms CFO on 5G Launch in India: ‘This Is Going to Transform Streaming as We Know it’
Naman Ramachandran 5G is going to roll out across India from Oct. 1 and Reliance Jio, the country’s leading mobile service operator with 413 million subscribers, will be at the forefront of it. The move could have a transformational effect. The 5G rollout in India will happen via Jio Platforms, the digital services arm of billionaire Mukesh Ambani’s Reliance Industries. In August, during the Reliance annual general meeting, Ambani told shareholders that the rollout would be complete by Dec. 2023 and that infrastructure investment would be INR2 trillion ($25 billion). A majority of Indians watch streaming content on mobile devices. Fixed broadband penetration in the country is low and Reliance aims to fix this with Jio AirFiber, which uses 5G to provide fiber-quality connectivity over the air.
