Jio has acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands in the auctions conducted by the Department of Telecommunications, Government of India.
This acquisition enables the most advanced 5G network and further strengthens India’s global leadership in wireless broadband connectivity. This network is said to accelerate India’s AI-driven march towards becoming a US$ 5+ trillion economy.
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.
Jio’s 5G solution is made in India, by Indians and to suit the need of every Indian. Jio is fully ready for 5G rollout in the shortest period of time because of its nationwide fibre presence, all-IP network with no legacy infrastructure, indigenous 5G stack and strong global partnerships across the technology ecosystem.
Akash M Ambani, Chairman, Reliance Jio Infocomm said, “We will celebrate ‘Azadi ka Amrit Mahotsav’ with a pan India 5G rollout. We will provide services, platforms and solutions that will accelerate India’s digital revolution, especially in crucial sectors like Education, Healthcare, Agriculture, Manufacturing and e-Governance.”
Key Highlights Of Jio’s Spectrum Acquisition
|Circle||700 MHz (paired)||800 MHz
|1800 MHz(paired)||3300 MHz
|Jammu & Kashmir||10||5||–||130||1,000|
|Uttar Pradesh (East)||10||–||10||100||1,000|
|Uttar Pradesh (West)||10||5||–||130||1,000|
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 annum. Annual payment amount is summarised below:
|Frequency Band||Total Annual Payment|