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Google invests $4.5 billion in Jio Platforms, doubles down on India

Google invests $4.5 billion in Jio Platforms, doubles down on India

  • Google has acquired a 7.7% stake in Jio as a part of $4.5 billion funding.
  • Jio is the biggest telecom operator in India with 387.5 million subscribers.
  • Google and Jio may even construct a “value-engineered Android-based OS.”

As a part of its Annual General Meeting, Jio has introduced that Google is investing Rs. 33,737 crores (~$4.5 billion) within the telecom operator’s platforms initiative. This follows Google’s announcement of a $10 billion funding in India at its annual Google for India summit.

Jio is the biggest telecom operator in India with over 387.5 million subscribers within the nation and Google’s funding nets it a 7.7 % stake within the firm.

Jio has performed a key position in pushing 4G penetration within the nation, nevertheless, with lower than 40% smartphone penetration, India is ripe for disruption, and at present’s announcement locations Google in the very best place.

At the annual assembly, Jio introduced that it plans to work with Google to construct an entry-level smartphone with particular optimizations made to Android and the Play Store to accommodate bare-minimum specs . This ties in with Jio’s broader efforts emigrate the function cellphone market to smarter platforms the place it may incentivize its personal suite of companies like JioMeet and JioCinema. Jio estimates it can promote over half a billion telephones over the following three years.

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It can be fascinating to see how this budget-focused model of Android differentiates itself from Android Go.

See extra: What is Android Go and what telephones run it?

In reality, the telecom big made some stunning bulletins together with a completely home-grown 5G tech stack that is able to be deployed and exported. This comes at a time when the anti-China sentiment is excessive in India and the nation is issuing a ban on Huawei for its upcoming 5G trials.

Google’s funding in Jio is the primary as a part of its $10 billion Digitisation Fund for India and it plans to increase this to different verticals like training and agriculture as properly. In reality, Google introduced a tie-up with India’s central training board to provoke a digital training tie-up with over one million lecturers. This trial can be constructed across the Google Classroom suite, YouTube and would possibly combine Chromebooks as properly.

Google joins Facebook, Intel and Qualcomm within the rising record of buyers in Jio Platforms. The sheer attain of the telecom operator and broad buyer base throughout its app portfolio makes it the plain alternative for reaching out to the following billion customers.

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EditorialTeam

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