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Reliance doubles down on 5G pledge after record profit
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Reliance doubles down on 5G pledge after record profit
Bloomberg / Jan 23, 2021, 08:55 IST
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Indian billionaire Mukesh Ambani doubled down on his promise to offer 5G services on his wireless network as early as this year, as his conglomerate Reliance Industries Ltd. reported a record profit aided by its consumer businesses.
The group’s wireless operator, Reliance Jio Infocomm Ltd. India’s largest has started advance tests to prepare the fifth-generation, high-speed network, it said in a statement Friday. But the tycoon’s plans hinge on the availability of spectrum as the Indian government still hasn’t auctioned the required airwaves.
still enjoy a good reputation with those key constituent groups. i think it s the people that are more remote from the real social impact of goldman sachs in its financing activities, the way we manage our money, the way we make markets in difficult conditions that benefit our clients, i think those groups that know us, frankly, have been quite supportive even in what these challenging times for us, but i can tell you, in the past, those were the only groups we had to appeal to. we were an institutional firm. we had no consumer businesses. no branchs on street corners. we didn t have to engage with the broader public. that, for sure, has changed. and when your public has met us, i have to confess, the public hasn t liked what it s seen in
that know us best, our core constituency group, our employees, our shareholders, our clients, have been very, very supportive. they know the firm, they know the essence of who we are. and frankly, i think we still enjoy a reputation, a good reputation with those key constituent groups. i think it s the people that are more remote from the real culture and the real purpose and the real social impact of goldman sachs in its financing activities, advisory activities, the way we manage our money, the way we make markets in difficult conditions for the benefit of our clients, i think those groups that know us frankly have been quite supportive, even in what these challenging times for us. but i can tell you in the past those were the only groups we had to appeal to. we were an institutional firm. we had no consumer businesses, no branches on street corners.