Google is contributing Rs. 33,737 crores in Jio Platforms for 7.7 percent stake, Reliance Industries Limited (RIL) declared on Wednesday. The new improvement comes only a few days after Jio Platforms got Rs. 730 crores of speculation from Qualcomm Ventures.
Ambani announced that it has partnered with Google to create and launch another 5G supported affordable entry-level cell phone. With Google, the organization will develop an operating system based on Android to control this moderate 5G cell phone that the organization intends to dispatch soon.
With the assistance of Google’s organization, Ambani stated, he needs to make India 2G-mukt (2G free).
To review, Facebook was the first company to invest into Jio stages. The investment was announced back in April. It was declared that Facebook would contribute $5.7 billion to get a 10 percent stake in Jio stages. During the AGM, Ambani declared that the deal has got every single administrative approval for the deal. With this partnership, Jio will tie-up with WhatsApp to enable India’s small companies to connect with clients.