Reliance Industries up 3% on 5G plans; sees rollout in second half of 2021

Early this year, Mukesh Ambani had announced Reliance Jio's commercial pact with Google to jointly develop entry-level affordable 4G and possibly 5G smartphones for a '2G mukt Bharat'

Shares of Mukesh Ambani-owned Reliance Industries advanced nearly 3 per cent to Rs 2,014 on the BSE in the intra-day deals on Tuesday after the chairman of the oil-to-telecom conglomerate said the company plans to launch 5G services in the second half of 2021.

Speaking at India Mobile Congress 2020, Ambani said policy steps are needed to accelerate an early rollout of 5G, and to make it affordable and available everywhere.

"I assure you that Jio will pioneer the 5G Revolution in India in the second half of 2021. It will be powered by indigenous-developed network, hardware and technology components. Jio's 5G