{"id":1396,"date":"2023-10-03T21:12:00","date_gmt":"2023-10-03T21:12:00","guid":{"rendered":"https:\/\/infrastructurebrief.com\/?p=1396"},"modified":"2023-12-18T21:15:00","modified_gmt":"2023-12-18T21:15:00","slug":"reliance-jio-gears-up-for-5g-expansion-with-2-billion-loan","status":"publish","type":"post","link":"https:\/\/infrastructurebrief.com\/reliance-jio-gears-up-for-5g-expansion-with-2-billion-loan\/","title":{"rendered":"Reliance Jio Gears Up for 5G Expansion with $2 Billion Loan"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Securing Significant Funding for 5G Equipment<\/h2>\n\n\n\n<p>Reliance Jio, India&#8217;s premier telecom operator, has obtained a loan of nearly $2 billion. This substantial funding is earmarked for the purchase of 5G equipment from Nokia, as the company accelerates its deployment of the new technology.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">One of India&#8217;s Largest Offshore Loans<\/h2>\n\n\n\n<p>Arranged by HSBC, this loan represents one of the biggest offshore financial deals for India in the 2024 fiscal year. The financing agreement with Nokia, secured last October, is a key part of Jio\u2019s strategy to expand its 5G network.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Loan Details and Arrangement<\/h2>\n\n\n\n<p>According to the Economic Times, HSBC led the arrangement of this loan, which ranges between $1.5 and $2 billion. The loan structure includes an implied rate of interest spanning its tenure, finalized after several months of discussions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Jio\u2019s Ambitious 5G Rollout Plans<\/h2>\n\n\n\n<p>During its Annual General Meeting in August, Reliance Jio&#8217;s Chairman Mukesh Ambani set an ambitious goal for the company. Ambani aims for nationwide standalone 5G coverage by the end of the year, potentially marking the fastest 5G rollout globally.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ambani&#8217;s Nationwide 5G Coverage Promise<\/h2>\n\n\n\n<p>Ambani assured that by December, Jio would be ready to meet any demand for 5G broadband connections across India, targeting homes, businesses, factories, schools, and hospitals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Collaboration with Multiple Equipment Suppliers<\/h2>\n\n\n\n<p>In addition to Nokia, Jio is collaborating with Ericsson and Samsung for 5G equipment. This September, Jio arranged a similar $2 billion offshore loan through BNP-Paribas to finance equipment purchases from Ericsson.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Progress in 5G Rollout and Subscriber Growth<\/h2>\n\n\n\n<p>Jio&#8217;s investment in 5G is already showing results, with the company recently surpassing 50 million 5G subscribers and operating 85% of India&#8217;s functional 5G cell sites.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Competition in the 5G Arena<\/h2>\n\n\n\n<p>Jio&#8217;s main competitor, Bharti Airtel, is also making rapid strides in 5G. Airtel recently announced it had crossed the 50 million 5G subscriber mark, signaling a competitive race in India&#8217;s 5G network deployment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Securing Significant Funding for 5G Equipment Reliance Jio, India&#8217;s premier telecom operator, has obtained a loan of nearly $2 billion. This substantial funding is earmarked for the purchase of 5G equipment from Nokia, as the company accelerates its deployment of the new technology. One of India&#8217;s Largest Offshore Loans Arranged by HSBC, this loan represents [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[274,34],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reliance Jio Gears Up for 5G Expansion with $2 Billion Loan - Infrastructure Brief<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infrastructurebrief.com\/reliance-jio-gears-up-for-5g-expansion-with-2-billion-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Jio Gears Up for 5G Expansion with $2 Billion Loan - Infrastructure Brief\" \/>\n<meta property=\"og:description\" content=\"Securing Significant Funding for 5G Equipment Reliance Jio, India&#8217;s premier telecom operator, has obtained a loan of nearly $2 billion. This substantial funding is earmarked for the purchase of 5G equipment from Nokia, as the company accelerates its deployment of the new technology. One of India&#8217;s Largest Offshore Loans Arranged by HSBC, this loan represents [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infrastructurebrief.com\/reliance-jio-gears-up-for-5g-expansion-with-2-billion-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Infrastructure Brief\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-03T21:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-18T21:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infrastructurebrief.com\/wp-content\/uploads\/1519802030627.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1159\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kevin Davids\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kevin Davids\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infrastructurebrief.com\/reliance-jio-gears-up-for-5g-expansion-with-2-billion-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/infrastructurebrief.com\/reliance-jio-gears-up-for-5g-expansion-with-2-billion-loan\/\"},\"author\":{\"name\":\"Kevin Davids\",\"@id\":\"https:\/\/infrastructurebrief.com\/#\/schema\/person\/cb2b16f358d6041d851d019724ece54f\"},\"headline\":\"Reliance Jio Gears Up for 5G Expansion with $2 Billion Loan\",\"datePublished\":\"2023-10-03T21:12:00+00:00\",\"dateModified\":\"2023-12-18T21:15:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infrastructurebrief.com\/reliance-jio-gears-up-for-5g-expansion-with-2-billion-loan\/\"},\"wordCount\":317,\"publisher\":{\"@id\":\"https:\/\/infrastructurebrief.com\/#organization\"},\"articleSection\":[\"5G\",\"Telecommunications\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infrastructurebrief.com\/reliance-jio-gears-up-for-5g-expansion-with-2-billion-loan\/\",\"url\":\"https:\/\/infrastructurebrief.com\/reliance-jio-gears-up-for-5g-expansion-with-2-billion-loan\/\",\"name\":\"Reliance Jio Gears Up for 5G Expansion with $2 Billion Loan - 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