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Wednesday, July 15, 2020

Ambani made a big announcement about 5G technology in India, find out what he said



Ambani made a big announcement about 5G technology in India, find out what he said

At the Annual General Meeting (AGM) of Reliance Industries Ltd (RIL), the company's president Mukesh Ambani has made an important announcement. He said 5G technology could be launched by next year. Ambani also said that search engine company Google has invested Rs 33,737 crore in Geo's platform. This is the first time in the history of RIL that people have attended the event online. Shareholders have become part of it through the JioMeet video conferencing app. Earlier, Reliance's annual AGM was held with much fanfare and was attended by a large number of people.

Ambani made these important remarks at the AGM

Reliance chief Mukesh Ambani said Jio would connect half a billion mobile subscribers in the next three years. Geo has developed a full 5G technology. He said the trial would begin as soon as 5G spectrum became available. The technique could be ready for use in the field by next year.

Ambani said Reliance has now become a truly debt-free company. According to Ambani, this target was achieved before the March 2021 deadline. The Reliance chief said the company's strong balance sheet would help in the growth plans of Geo, Retail and Autusi.
  • Ambani also informed about Google's participation in the Geo platform. He said Google would invest Rs 33,737 crore in the Jio platform.
  • Mukesh Ambani said that Reliance has become the first Indian company with a market cap of Rs 150 billion. Ambani expressed confidence that India and the world would make rapid progress amid the Koro crisis. He said every difficulty brings with it many possibilities.
Geo Glass launch

The 25 app will support which will weigh only 75 grams and the glasses will have a high resolution display and these glasses will be a 3D asset. Mukesh Ambani has said that in 3 years, Geo will have an estimated 500 million customers. One million subscribers have joined Geo Fiber. Geo has developed an in-house 5G solution system and a 5G network. Just waiting for spectrum allocation. Mukesh Ambani has said that Geo will have an estimated 500 million customers in the next three years.

 Geo will be the digital lifeline of India and the new generation. Geo’s two main principles are digital connectivity and digital platforms. Reliance Using these technologies, we (Geo) can create exciting solutions that can expand across many industries vertically and economically, such as media, financial services, new commerce, education, healthcare, agriculture, smart cities, smart manufacturing and smart mobility.


New Geo TV Plus

Geo TV + will curate OTT platforms like Netflix, Amazon Prime Video and Hotstar among others in one app. Geo TV + will be equipped with voice-search.

Important matters of AGM
  • Geo will be the digital lifeline of India and the new generation
  • Geo's two main principles are digital connectivity and digital platforms
  • Google to invest Rs 33,737 crore in Geo
  • Search giant Google will also now buy a 7.7% stake in Geo Google
  • Reliance now sells stake in Geo with Google 2,12,809 crore
  • Jio created the Jio VC app in just two months and 5 million people downloaded the Jio Meet app
  • Reliance's record is a pillar of India's economy Reliance 9.1% Merchant Exports 21,660 crore Excise and Customs Duty 70,000 crore GST 8386 crore IT
  • Reliance's strong performance due to 10% Ebitda Growth retail and technology business in a year Reliance's biggest crisis of the new era
Geo's future progress and especially some new announcement on Geomart's future

For the first time in the history of RIL, people are attending the event online. Shareholders are involved through the JioMeet video conferencing app. According to JioMeet, more than 1 lakh shareholders from more than 500 different locations in the country and abroad can go online simultaneously. The AGM has been approved by the Ministry of Corporate Affairs via video conference following the Corona epidemic. Earlier, Reliance's annual meeting was held with great fanfare. In which a large number of people were present.

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Earlier, Reliance's annual meeting was held with great fanfare

Jeff Bezos has a fortune of 4 184 billion on Bloomberg's list of billionaires, with Bezos topping the list. Bill Gates was second with a fortune of 5 115 billion and Bernard Arnold was third with a fortune of 94 94 billion. Facebook owner Mark Zuckerberg was fourth and Steve Ballmer was fifth.

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