Home / SmartTech / Qualcomm invests $ 97 million in India’s Reliance Jio Platforms – TechCrunch

Qualcomm invests $ 97 million in India’s Reliance Jio Platforms – TechCrunch



Qualcomm is the youngest top-class investor in the four-year Reliance Jio Platforms that has raised more than $ 15.7 billion from as many investors in the past 12 weeks.

Qualcomm Ventures on Sunday evening said it will invest $ 97 million in Reliance Jio Platforms to acquire a 0.15% stake in India’s leading telecommunications operator.

Steve Mollenkopf, general manager of Qualcomm, said the company believes Reliance Jio Platforms, which has disrupted the Indian telecommunications market by offering voice and data plans at reduced rates, “will offer Indian consumers a range of new services and experiences “Future.

Reliance Jio Platforms, which competes with Bharti Airtel and Vodafone Idea, has accumulated nearly 400 million subscribers in less than four years of its existence.

“With unmatched speeds and emerging use cases, 5G is expected to change every industry in the coming years. Jio Platforms has led the digital revolution in India with its extensive digital and technological capabilities. As an enabler and investor with a longstanding presence in India, we look forward to playing a role in Jio̵

7;s vision to further revolutionize India’s digital economy, ”he said.

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