5G in focus: Jio Platforms gets $97 million investment from Qualcomm

5G in focus: Jio Platforms gets $97 million investment from Qualcomm

2020-07-13 03:05:27
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Just sometime back, Reliance Industries Chairman and India’s richest man Mukesh Ambani wrote to his company shareholders saying, “Reliance Jio would play a key role in the development of the 5G ecosystem in India”, and elsewhere in the USA, a leading official of Trump government lavished praise on Reliance Jio as being one of the “trusted 5G vendors”. 

As if on cue, Qualcomm Ventures, the San Diego-based investment arm of Qualcomm Inc., the wireless technology company, announced it has invested up to $97 million (Rs 730 crore) in Jio Platforms to help “roll out advanced 5G infrastructure and services for Indian customers.”



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