Reliance Jio in advanced talk to raise $1-1.5 billion from global banks.

India’s largest telecom operator, Jio, intends to leverage these funds to expedite the nationwide deployment of next-generation mobile broadband services by December 2023.

Additionally, the European export credit agency Finnvera is anticipated to issue guarantees to the lenders.

Jio has predominantly partnered with European network vendors Ericsson and Nokia.