Mukesh Ambani-led Reliance Industries today in its annual general meeting announced the company would be launching Jio’s 4G service in December. Mukesh Ambani also announced that LTE handsets would be priced below Rs 4,000.
Reliance has been planning to revolutionize the telecom industry with 4G as its strategic tool to capture the market in the future.
For 4G LTE services, Reliance Jio has bought rights in 22 telecom circles, by far the largest such rights for any telecom firm.
Reliance Jio has already spent close to Rs 80,000 crore to develop infrastructure and connectivity for 4G services.