Reliance Jio Infocomm, a subsidiary of Reliance Industries (RIL), has signed a $750 million loan to source 4G LTE network from Samsung Electronics.

The loan – signed on 24 September 2014 – is backed by Korea Exim Bank and guaranteed by RIL.

Reliance Jio has more than 10,000 full time employees to work on the launch of 4G LTE. This is in addition to nearly 30,000 professionals from Reliance Jio partners and vendors. This apart, over 100,000 people are working across the country in creating the digital infrastructure backbone for this network.

The 4G service provider, which has received the BWA license in 2010, will be launching 4G on both TD-LTE and FD-LTE technology next year.

Announcing the quarterly result on Monday, RIL said Reliance Jio would enable end-to-end solutions that address the entire value chain across various digital services in key domains of national interest such as education, healthcare, security, financial services, government-citizen interfaces and entertainment.

Reliance Jio Infocomm is yet to officially announce the network vendor list.

Chris Houghton, head of India Region at Ericsson, last week said the company would look forward to working with Reliance Jio Infocomm.

Earlier, Reliance Jio Infocomm wanted to be one of the largest 4G networks in the world.

China Mobile kicked off its massive TD-LTE rollout and finished the second quarter of 2014 with 410,000 eNodeBs, said market research firm Infonetics Research.

318 commercial LTE networks have been launched worldwide as of July 28, 2014, according to the Global Mobile Suppliers Association (GSA).

Baburajan K
[email protected]