23:44 GMT04 August 2021
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    India's most valued company Reliance Industries organised its 44th Annual General Meeting (AGM) on Thursday. In a detailed address to the company investors, shareholders, and users of Reliance products and services, the company's boss Mukesh Ambani made a whole slew of announcements. 

    Reliance Industries Limited Chief Executive Officer, Mukesh Ambani, said on Thursday that Indian-made 5G systems developed by his telecom firm Jio have been tested. 

    Addressing his company's Annual General Meeting, Ambani also said that speed of 1 Gigabyte per second has been achieved by Jio's 5G systems and he promised a commercial roll-out soon.  

    "Jio has taken tremendous strides in maturing state-of-the-art 5G technology, signifying a quantum leap to the next frontier of wireless broadband. Our ‘Made in India’ solution is comprehensive, complete and globally competitive," the 64-year-old tycoon said. 

    Last year, Google injected around $4.5 billion into Jio - India’s largest telephone company with 387.5 million users - as the first instalment of a newly created $10 billion fund earmarked for investment in India by 2025. The search engine also picked up a 7.7 percent stake in Jio.

    Ambani has also announced the launch of affordable 5G-enabled smartphones developed in partnership with Google. He said the "JioPhone Next" devices will first roll-out in India in the coming months and will later be exported to other nations also. 

    In a video message, Google chief executive Sundar Pichai also revealed a new 5G partnership between Google Cloud and Jio.

    "This will help more than a billion Indians to connect to a faster internet, support businesses in digital transformation and lay the foundation for the next phase of India’s digitisation," Pichai said. 

    The 5G-related announcements made by Ambani have excited tech-enthusiasts in India.


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