Jio is planning for a 5G juggarnaut, as the digicom arm of Reliance Industries wants to make 5G rollout of its own, not depending on existing tele-equipment majors like Nokia, Cisco, Samsung, Ericsson. Jio has agreement with Samsung for 4G roll out, and the deal will continue but Jio will embrace indigenous 5G tech.
Jio took a stand not to work with Chinese vendors like ZTE,
Huawei. Jio already has been praised by American politicians for no-China mode,
and Jio received huge funding from America including tech major Google, Intel,
Qualcomm and social giant Facebook. American PE firm Silver Lake has invested
heavily into Jio and Reliance Retail. And many experts believe American PE
firms will invest heavily into Reliance Retail, just like they did into Jio -
already KKR seems interested in Reliance Retail as per media reports.
Just for an off-topic, Reliance Retail will take on Amazon India and Walmart backed Flipkart in the e-commerce field. And Reliance Retail would be targeting brick-and-mortar retail at the strongest way, as they acquired Future Group (Big Bazaar brand) for Rs 24,713 crore.