Jio rescued India from its 2G misery
13th October 2020
India was stuck with the "misery" of depending on 2G networks before the launch of Reliance Jio Infocomm Ltd, the telecom company, which is now preparing to roll out 5G technology.
"Before Jio, India was stuck with 2G technology... Jio wanted to end India's data misery and unleash a digital revolution," said Reliance Industries Ltd (RIL) chairman Mukesh Ambani at the Digital Transformation World Series 2020 virtual event, as reported by Livemint. The telco did so by offering the lowest data tariffs in the world and free voice services, "While it took 25 years for the Indian telecom industry to build its 2G network, Jio built its 4G network in three years", Ambani added.
Around 300 million allies in India are trapped in the 2G time frame and are confined by their segment phones. Their 2G telephones keep them prohibited, even from the essential employments of the web, that too, at a time when India and the whole world are standing at the doorsteps of 5G communication.
Rivals Bharti Airtel Ltd and Vodafone Idea Ltd, however, do not subscribe to this idea as 51 per cent and 63 per cent of their customers respectively are on the 2G network. Both have, yet, been reducing dependency on 2G amid stiff competition from Jio, which only offers 4G services and claims to be ready with 5G technology.
According to Business Standard, at the RIL annual general meeting in July, Ambani said Reliance Jio was ready to introduce 5G technology as soon as the spectrum was made available by the Centre.
Ambani said Jio Platforms Ltd, RIL's digital solutions subsidiary, has built significant cloud and edge computing capabilities, data analytics, artificial intelligence, machine learning, blockchain, and the internet of things (IoT). "Using these technologies, Jio Platforms is in the process of creating compelling solutions for multiple industry verticals and ecosystems spanning telecom, media and entertainment, new commerce, financial services, education, healthcare, and agriculture," he said, as reported by Livemint.
Experts believe that Jio, which dominates the mobile broadband space (4G) with a 58 per cent market share, could capture the incumbents' market share in the feature phone segment with its new offering.
News Sources: Business Standard, CNBC, Livemint.
Edited by: Sanskriti Airon