Mukesh Ambani’s 5G technology..

In the recently held 43^rd Annual General Meeting(AGM) of  Reliance Industries Limited(RIL), Mukesh Ambani announced that, Jio has developed it's own 5G technology. He announced that the “Made-In-India” 5G technology can be deployed within a year’s time, after 5G spectrum is made available.  This announcement has taken the telecom industry experts  by surprise . In this connection, we would  like to furnish the following information also.

Last year, when the DoT asked operators to submit their 5G trial proposals, Jio submitted it’s application jointly with Samsung. It is important to note that, Samsung is the supplier of Jio's 4G equipments. 

Subsequently, in March 2020, Jio informed the DoT that, it would broaden it’s 5G trial runs with Huawei, Ericsson and Nokia. It did not mention anything about its own 5G technology. 

However, now, i.e., in July,2020, Jio has announced that, it has designed and developed it’s own 5G technology. Now, the question is, whether Jio has developed the 5G technology within a period of 3 months, ie., after March, 2020?

On the day when the 43^rd AGM of RIL took place, wherein Mukesh Ambani made the big-bang announcement on 5G, the price of the shares of RIL fell 2% in the Bombay Stock Exchange. Is it an indication that, the shareholders of RIL did not believe Mukesh Ambani’s announcement on 5G technology?