Reliance Jio GenNext In Talks To Buyout 5 Companies For Its 5G Play

Reliance Jio GenNext, a startup accelerator of telecom operator Reliance Jio Infocomm’s parent Reliance Industries, has made buyout or investment proposals to companies such as Vihaan Networks, Himachal Futuristic Communications, Tejas Networks, Lekha Wireless, Signalchip, Nivetti, Mymo Wireless and Niral Networks to launch a locally built next-generation 5G network.

The move is likely to provide a boost for Reliance Jio to conduct trials on its own technology and design. Reliance Jio GenNext advises and mentors founders of startups and brings them into the Jio fold through commercial partnerships and strategic investments.

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