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Reliance Jio Infocomm is arming itself with a significant offshore loan around $2 billion to fuel its 5G ambitions, with sources pointing towards Swedish telecom giant Ericsson as a potential gear supplier. A noteworthy credit safety net from Sweden’s EKN credit agency plays a crucial role in this strategic play, while banking behemoth BNP Paribas is slated to disburse a massive chunk of the offshore funding.

In a significant move to bolster innovation and development in mobile network technology, the US government, through the National Telecommunications and Information Administration (NTIA), has allocated $42.3 million to support research in Open RAN. This investment is part of a larger $1.5 billion Public Wireless Supply Chain Innovation Fund aimed at enhancing the Open RAN ecosystem. Leading the charge are telecom giants AT&T and Verizon, in collaboration with a consortium that includes notable academic institutions, industry manufacturers, and international telecom operators NTT DoCoMo from Japan and Reliance Jio from India.