Reliance chief Mukesh Ambani is planning to become an international tech giant, according to a new assessment. Ambani says Reliance Jio's new 5G ventures are globally competitive. From the new Geo 5G phone to telecom hardware, it may help Ambani expand his empire outside India. It is hoped that the new moves will help Ambani, who is already at the top of the list of world billionaires, reach the top spot.
India's vast ecommerce market is likely to fall into Ambani's hands soon. This may be enough to make it to the top of the list of millionaires, even if it is not an achievement that can be achieved at the international level. Ambani also announced the launch of WhatsApp and Geo Mart. Ambani's move is to introduce Geo's 5G technology and 5G phones internationally.
Jio has successfully tested 1Gbps 5G in India. Ambani will enter the international market after launching 5G in full swing in the country. Jio engineers have developed 5G systems within India without outside help.
The cloud-based and software-centric system is 100 percent developed in the country. There are reports that it can be controlled digitally. Jio claims that it has the potential to compete in the global market. Reliance has also been given permission to test its own 5G systems.
Jio's 4G towers are designed to accommodate future changes. Therefore, the transition to 5G is expected to be smooth. The company has developed an end-to-end 5G environment. It is also expected to seek partners in the global market to manufacture devices in the 5G reception and distribution sectors.
Reliance Technology is expected to be at the forefront in various sectors including healthcare, education and retail. The fact that global giants such as Google, Facebook, Microsoft and Intel are going to partner with Jio points to the achievements they can make at the international level.
Jio has so far spent about $ 5 billion. It has been utilized to build the largest and most modern digital-connectivity system in India. Jio has many popular apps and platforms.
Last year alone, Facebook, Google, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TGP, L.A. Companies like Chatterton, Intel and Qualcomm have invested Rs 1,52,056 crore in Jio. All these companies together hold a 32.9% stake in Jio.
The prediction that Ambani may enter the international arena may be correct as it will also benefit them if Jio succeeds in the international market. Inexpensive 5G phones will be useful in many countries. But over time, Reliance may become a company that makes bright phones and devices.
