Reliance Industries Limited, India’s most valuable company on Wednesday held its first online annual general meeting (AGM) in view of the novel coronavirus pandemic. Mukesh Ambani rolled out a series of big-bang announcements, including Google’s investment into Jio Platforms unit and development of an affordable smart phone in partnership with the search engine giant. He also announced that the company has designed and developed a complete 5G solution from scratch. In addition, Jio also revealed that the company is developing Jio TV Plus, Jio Glass, and more. The company also announced details about JioMart and Jio 5G solution.
Ambani said, “Jio has developed a complete 5G solution from scratch that will enable us to launch a world-class 5G service in India.” The telecom operator promises 100 percent home developed 5G. Trials to start soon and will be ready for field deployment by next year.
Reliance AGM 2020: Major announcements
Google- Jio to develop cheap 5G smartphone
“Have sold 100 million Jio Phones till date. But there are many feature phone users waiting to upgrade to a conventional smart phone. We believe we can design an entry level 4G or even a 5G smart phone. We believe that we can design such a phone at a fraction of the current cost. Google and Jio are partnering to build a value-engineered Android based smartphone Operation System,” RIL Chariman Mukesh Ambani said.