Jio’s full emphasis is on the expansion of 5G across the country and by starting 5G service from 4 big cities of the country, it is trying to reach every part of the country by the end of next year.
Jio will start services in Rajasthan from today
Reliance Jio Infocomm Limited will announce the launch of 5G services in Rajasthan from the famous Shrinathji temple in Nathdwara city of Rajsamand on Saturday. A company official gave this information. The company’s chairman Akash Ambani will dedicate services to Shrinathji, the patriarch of the Ambani family. After this the company will start its commercial operation. Jio has already announced that it is looking forward to expanding 5G services across the country by the end of next year. 5G services have been formally launched in India from the beginning of October. Further companies will expand this service in a phased manner first to metro and then to other cities of the country.
5G for Shreeji
On this occasion, Mahant Vishal Baba of Nathdwara temple said, We welcome the introduction of 5G services. This is 5G for Shreeji. At the same time, a company official said, the introduction of 5G services will change the lives of people in Rajasthan. This will make them technology savvy at par with global citizens. Reliance Industries Limited chairman Mukesh Ambani had visited the temple last month and promised to start services from the temple in the state. The company’s current emphasis is on the expansion of 5G across the country and by starting 5G service from 4 major cities of the country, it is trying to reach every part of the country by the end of next year.
How were Jio’s quarterly results?
Reliance Industries has released its quarterly results only yesterday. Along with this, the results of Jio have also been released. According to the results, the performance of Jio in the quarter has been weaker than the market estimates. Jio’s net profit grew 28 percent year-on-year to Rs 4,518 crore in the July-September quarter of the current financial year. The telecom company told the stock exchange that its net profit was Rs 3,528 crore in the same period of the last financial year. Income from business grew 20.2 per cent to Rs 22,521 crore in the quarter from Rs 18,735 crore in the year-ago period. According to ET, the company’s earnings and profit figures have been below market expectations.
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