Key Points:
- Jio gets ₹33,737 Crores Investment.
- Both the company is working on an entry-level Android smartphone.
- Jio attracted big guns recently.
Just a couple of days ago, we updated that the very popular mobile chipset maker Qualcomm invested a big investment in the Reliance’s Jio platform and now the company has announced yet another biggest investment, and that is from the mountain view company Google for purchasing 7.7% share in the newbie of the Indian telecom industry.
The search engine giant Google purchases a 7.7 % share in Reliance Jio and that it helps the company to get ₹33,737 crores in its bank. With the latest investment, Jio Platforms has raised a total of ₹1,52,056 crores by selling its 32.94 percent stake to big guns including Facebook, Qualcomm, Intel, and more.
With the help of new collaboration, it is agreed that the company will develop an operating system for the entry-level devices and the companies will also develop an entry-level Android smartphone in the market of India. Moreover, during the Reliance AGM 2020, Mukesh Ambani said that both Jio and Google will develop operating system as well as planning to launch devices in the 4G as well 5G setup.
This will definitely help the growth of the smartphone manufacturing industry as well as the connectivity process of the country and we are looking forward to hear more about the same in the coming days. We would like to hear your thoughts about the same in the comments section below and we recommend you to stay tuned with us for more interesting news from the world of technology at your fingertips.
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