Jio develops 5G tech, partners with Google for affordable smartphone
MUMBAI, JULY 15, 2020 14:53 IST


Reliance Industries Ltd chairman Mukesh Ambani addresses shareholders at the RIL’s annual general meeting on July 15, 2020. Photo: Twitter/@flameoftruth


Google acquires 7.7% stake in Jio Platforms for ?33,737 crore.


Google also announced that it had agreed to invest ?33,737 crore to acquire a 7.7% stake in Jio Platforms.


“This Made-in-India 5G solution will be ready for trials as soon as 5G spectrum is available and can be ready for field deployment next year. And because Jio’s converged...we can easily upgrade our 4G network to 5G,” Mr. Ambani said.


Jio planned to export its 5G solution to other telecom operators globally, as a complete managed service, once the technology was proven at India-scale, the RIL chief said.


Sundar Pichai , CEO of Google’s parent Alphabet, said, “Through this partnership with Jio Platforms we see the chance to have an even greater impact than either company could have alone.”

谷歌母公司Alphabet首席执行官桑达尔·皮查伊(Sundar Pichai)表示:“通过与Jio平台的合作,我们看到了比任何一个单打独斗的公司所能产生更大的影响机会”