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Billionaire Mukesh Ambani sets sight on Africa with new telecom venture

Livemint · 1y

Reliance Industries, led by Asia's richest man Mukesh Ambani, is venturing into Africa with a telecoms project. Next-Gen InfraCo (NGIC) - a Ghana-based company backed by Reliance Industries' subsidiary Radisys Corp. - aims to provide 5G broadband services to mobile operators and internet service providers in Ghana. NGIC, which will begin operations by the end of the year, has strategic partners such as Nokia, Tech Mahindra, and Microsoft. The project aims to replicate the success of Reliance's Jio Infocomm in India, which disrupted the telecoms market with affordable data services.