Jio is looking to purchase 5G gear from the Swedish telecom giant Ericson and the loans would be use to fund this purchase

BNP Paribas will provide $1.9 Bn-$2 Bn over a nine-month period, during which Jio will pay back Ericsson, BNP and some other banks

The development comes after Jio tied up with EKN for a $2.2 Bn loan to finance the equipment and services for its 5G expansion