Jio gets ready to roll-out the worlds most advanced 5G network across India

Jio 5G will ensure that every Indian gets to access the most transformative digital services and platforms offered anywhere in the world.

Jio, India’s largest digital services provider, today acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands in the auctions conducted by the Department of Telecommunications, Government of India.

The acquisition of the right to use this spectrum will enable Jio to build the world’s most advanced 5G network and further strengthen India’s global leadership in wireless broadband connectivity. Jio’s 5G network will enable the next generation of digital solutions that will accelerate India’s AI-driven march towards becoming a US$ 5 trillion economy.

Launched just six years ago, Jio has created multiple world records during its roll out of the largest 4G network in the shortest period of time. Jio’s 4G network provides the highest quality, most affordable digital services to over 400 million loyal and delighted customers. Jio will now raise the bar even further with its 5G services.

Jio has been a front-runner in embracing technologies of the future and unlocking their full potential for the benefit of India, Indians and Indian businesses. Jio has demonstrated its visionary commitment yet again, as India enters the 5G era. As with Jio 4G that blurred the line between Bharat and India and provided every Indian the best connectivity at the most affordable price globally, Jio 5G will ensure that every Indian gets to access the most transformative digital services and platforms offered anywhere in the world.

Cost

Total cost of acquiring the right to use the above technology agnostic spectrum for a period of 20 years is Rs 88,078 crore. As per terms of the spectrum auction, the spectrum payments have to be made over 20 equated annual instalments, with interest computed at 7.2 per cent per annum.