Jio Gears Up for 5G Domination with Device Leasing Blitz

· Jio Leasing Services to spend $4.32 billion on equipment in record-breaking deal.

· Shift to Device-as-a-Service (DaaS) model aims to make 5G devices affordable for customers.

· Partnership with Reliance Retail secures devices at cost-plus pricing.

Expanding Reach and Services

· Jio targets subscriber growth and network dominance with the new model.

· Leasing plan extends beyond phones, potentially including laptops and AirFiber devices.

· Jio Financial Services seeks to diversify beyond lending with DaaS and payment services.

This version condenses the information but keeps the key points:

· Jio's massive investment in equipment through leasing.

· The strategic use of DaaS to make 5G accessible and attract customers.

· Jio Financial Services' diversification into new business areas.