Jio’s internet will run at 10 times faster speed, going to do 14000 crore deal with Nokia
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This agreement between the two companies has now reached the final stage. After this deal, the users of Jio will get 10 times the benefit of high speed internet. According to the Economic Times report, the deal may be signed at Nokia’s headquarters near Helsinki in Finland. Actually Reliance wants to start high speed 5G network in India by the end of this year. That’s why the company has made a deal for Nokia’s 5G device. Before Nokia, Reliance has also made a deal with Sweden’s company Ericsson for 5G devices.
The company has planned loans from global banks like HSBC, JP Morgan and Citigroup for this deal. After this deal, Jio customers will get better facility of high speed internet. Significantly, Reliance Jio is the largest telecom company in the country. Since its launch in the year 2016, Jio has created a huge customer base on the basis of its offers. Currently Jio has 43.52 crore users. Whereas Airtel has 37.09 crore, Vi has 23.37 crore and BSNL has 10.28 crore users.
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