MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Qualcomm becomes a new investor in India's Reliance Jio Platforms

Qualcomm becomes a new investor in India's Reliance Jio Platforms

India's top telecom operator Jio Telecom Platform has become the talk of the town in recent times as many investors all across the globe are investing big in the Reliance platform. Now, Qualcomm has joined the list, as it has become the newest high-profile backer to invest in four-year-old-Reliance Jio Platforms. Reliance has already raised a sum of $15.7 billion in the past 12 weeks from as many investors.

In a recent press meet, which was held on Sunday, Qualcomm Ventures stated that it will be investing $97 million in Reliance Jio platform and will be acquiring an equity stake of 0.15%, which is on a fully diluted basis. This investment will help both firms roll out an advanced 5G network and infrastructure services for Indian customers.

Steve Mollenkopf, chief executive of Qualcomm, said the firm believes that Reliance Jio Platforms "will deliver a new set of services and experiences to Indian consumers. With unmatched speeds and emerging use cases, 5G is expected to transform every industry in the coming years" in the future. Qualcomm has been a valued partner. It will be sharing a vision of connecting everything by building a robust and secure digital and wireless network, thereby extending the digital connectivity in India. It will also help the Indian customers access 5G.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED