Indian billionaire Mukesh Ambani doubled down on his promise to offer 5G services on his wireless network as early as this year, as his conglomerate Reliance Industries Ltd. reported a record profit aided by its consumer businesses.The group’s wireless operator, Reliance Jio Infocomm Ltd. -- India’s largest -- has started advance tests to prepare the fifth-generation, high-speed network, it said in a statement Friday. But the tycoon’s plans hinge on the availability of spectrum as the Indian government still hasn’t auctioned the required airwaves.The Mumbai-based group, whose businesses span oil refining and petrochemicals to retail and telecommunications, said it’s testing the transmission speeds using locally-developed equipment. Reliance Jio, with almost 411 million users, reported a 15.5% jump in profit for the three months through December from the preceding quarter, while earnings margins before interest, taxes, depreciation and amortization touched … [Read more...] about Reliance doubles down on 5G pledge after record profit
Reliance Q3 net up 12% on strong momentum in retail, Jio
Stating that the world is now closing ranks for strong global action on climate change, he said this gives Reliance the right opportunity to accelerate its own ambitious new energy and new materials business wedded to the vision of clean and green development. … [Read more...] about Reliance Q3 net up 12% on strong momentum in retail, Jio
