Reliance Jio has revealed details following the acquisition of spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands during the 5G spectrum auction in India.
Reliance Jio has acquired spectrum, which can be used for a period of 20 years, for Rs 88,078 crore ($11 billion). Mukesh Ambani-promoted Reliance Jio will need to make spectrum payments over 20 equated annual installments, with interest computed at 7.2 percent per annum.
Reliance Jio has acquired a combination of low-band, mid-band and mmWave spectrum, which coupled with fibre network and indigenous technology platforms, will enable it to provide 5G Everywhere and 5G For All (consumers and enterprises).
Reliance Jio’s spectrum footprint has increased significantly to 26,772 MHz, which is the highest in India.
Reliance Jio has the highest amount of sub-GHz spectrum with at least 2X10 MHz contiguous spectrum in both 700 MHz and 800 MHz bands across all 22 telecom circles.
Reliance Jio has at least 2X10 MHz in 1800 MHz band (with 2X20 MHz in six key circles), 40 MHz in 2300 MHz band and 100 MHz in 3300 MHz band across all 22 circles.
Reliance Jio also purchased 1,000 MHz in the millimetre wave band (26 GHz) in each of the 22 circles which will be crucial to enable enterprise use cases as well as provide high-quality streaming services.
Reliance Jio’s 5G network will enable the next generation of digital solutions that will accelerate India’s AI-driven march towards becoming a $5+ trillion economy.
“Jio’s 5G solution is made in India, by Indians and to suit the need of every Indian. Jio is ready for 5G rollout in the shortest period of time because of its fibre presence, all-IP network with no legacy infrastructure, indigenous 5G stack and strong global partnerships across the technology ecosystem,” Akash M Ambani, Chairman of Reliance Jio Infocomm said.