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Ambani's Reliance Jio doubles down on 5G service pledge after record profit

The group's wireless operator, Reliance Jio Infocomm Ltd. -- India's largest -- has started advance tests to prepare the fifth-generation, high-speed network

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The latest quarterly results bolster Ambani’s ambitions to transform Reliance from an energy giant into a technology titan.

P R Sanjai and Debjit Chakraborty | Bloomberg
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.

The Mumbai-based group, whose businesses span oil refining and petrochemicals to retail and telecommunications, said it’s testing