Mukesh Ambani, the chairman of Reliance Industries, made significant statements at the 45th annual general meeting of the oil-to-telecom behemoth, including the debut of 5G telephony by Diwali and revealing clear signals about his succession plan.
Ambani disclosed a Rs 2 lakh crore investment plan for the implementation of 5G telephony by Diwali in major cities. By Diwali, he claimed, 5G services would be made available in a number of significant cities, including Mumbai, Delhi, Chennai, and Kolkata. The company’s ultimate goal is to link every town, taluka, and tehsil by December 2023.
In order to provide ultra-high speed internet, Reliance Jio, India’s largest telecom provider, has installed a separate 5G stack rather than updating the current 4G network, he added.
Ambani outlined a precise plan that illustrates how the business will be split between his two sons, Akash and Anant, and daughter, Isha.
The 65-year-old entrepreneur was speaking about succession when he claimed that the younger son Anant joined the new energy sector and is being prepared for a leadership position, while the older sons Akash and Isha have taken leadership roles at the telecom and retail businesses.
1- When will 5G telephony be installed?
Ans – by diwali
2- Did Reliance launch its FMCG business?
Ans – Yes
3- When will Ambani make a new investment in setting up a PTA plant? Ans – On the ocassion of 45th AGM