Reliance Jio to launch LTE service within a year

Reliance Jio Infocomm, the company rolling out a nationwide 4G network, expects to launch services within a year.

Mukesh Ambani - chairman of parent company Reliance Industries (RIL) - told investors that the company has an ambitious rollout plan for the next 12 months.

Mr Ambani was speaking at RIL' AGM on 6th May 2013. Reliance Jio will increase its manpower from around 3,000 today to 10,000 by next year.

RIL made its first move towards deploying LTE services in mid-2010, when it acquired wireless broadband startup Infotel Broadband and its nationwide 2.3-GHz spectrum for around $1 billion.

The company had been restricted from entering the telecom sector prior to this purchase due to a pact between Mukesh Ambani and his brother Anil – owner of Reliance Communications - not to compete in each others' sectors. This pact was signed after the bitter break-up of their father's business empire.

But the pact expired in 2010, and the brothers have come together in April this year again. Reliance Industries signed a 12 billion rupee ($210.8 million) deal to use Reliance Communications' fiber as the backbone for the Reliance Jio LTE network.

Source: http://cablequest.org/news/broadband-and-iptv-news/item/2573-reliance-jio-to-launch-lte-service-within-a-year.htmlSource: http://cablequest.org/news/broadband-and-iptv-news/item/2573-reliance-jio-to-launch-lte-service-within-a-year.html