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Tech Radar

After Jio, Airtel may launch affordable Android smartphones in India

With over 500 million smartphone users in the country, India is one of the biggest consumers of smartphones globally. However, there are still over 350 million users in India who still use a feature phone. To cater to them and grab a piece of the shrinking pie, Airtel is reportedly planning to launch affordable 4G smartphones in India for the masses. According to a new report, Airtel is in talks with local phone manufacturers to launch its own 4G smartphone at an affordable price. It also looks like Airtel is exploring a plan to come up with both locked and unlocked versions of smartphones, which would be a first in India. If that ends up being true, users will be able to buy smartphones in the form of monthly rental instead of upfront. (Image credit: Future) The telecom operator is said to be eyeing a piece of cake from what Jio and Google have planned.  For those who are unaware, at the Reliance AGM 2020 a couple of months ago, Jio announced that it will bring affordable 4G/5G smartphones to the Indian market which will cater to the local needs. And, the affordable phones will run on Android-based OS. This will be an entry-level smartphone with optimizations to the OS and the Play Store so that they will be accessible even for the lower-powered devices. The phone will also include a local ecosystem that ensures that devices with the apps and services in the Play Store are within reach of…Continue readingAfter Jio, Airtel may launch affordable Android smartphones in India

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TechCrunch

Google backs India’s Reliance Jio – TechCrunch

Reliance Jio continues to add billions of dollars to its bank account, Apple scores a tax victory in Europe and researchers test a system for undersea Wi-Fi (with lasers!). Here’s your Daily Crunch for July 15, 2020. Google invests $4.5 billion in India’s Reliance Jio Platforms Another giant tech company has invested in India’s largest telecom, following Facebook’s investment a couple of months ago. Reliance Jio has raised about $20.2 billion in the past four months — more than the entire Indian startup ecosystem raised last year. Google and Reliance Jio will also be working together to develop low-cost Android smartphones. “Getting technology into the hands of more people is a big part of Google’s mission,” said Google CEO Sundar Pichai. “Together we are excited to rethink, from the ground up, how millions of users in India can become owners of smartphones.” The tech giants Apple and Ireland win appeal against the European Commission’s $15 billion tax ruling — Four years ago, the European Commission said that Ireland had failed to collect around $15 billion in taxes from Apple, but the European Court of Justice has annulled that decision. Zoom introduces all-in-one home communications appliance for $599 — The new Zoom for Home – DTEN ME includes a large tablet with three wide-angle cameras and eight microphones. Snap debuts a 13-week remote program to help developers create deeper Snap Kit integrations — Yellow Collabs is an expansion of Snap’s Yellow division, which previously consisted only of a startup accelerator. Startups,…Continue readingGoogle backs India’s Reliance Jio – TechCrunch

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The Verge

Google invests in Indian internet giant Jio and plans new ‘affordable’ smartphone

Google is investing $4.5 billion for a 7.73 percent stake in Jio Platforms, an Indian internet giant that offers broadband, mobile services, and online commerce platforms, the company announced today. The investment, which is pending regulatory review, is part of Google’s commitment to invest around $10 billion in India over the next five to seven years. It follows a similar move from Facebook to invest $5.7 billion for a 9.9 percent stake in the company earlier this year. Jio Platforms is the tech subsidiary of Reliance Industries. As part of today’s announcement, Google says that it is working with Jio on an “entry-level affordable smartphone.” Reliance Industries chairman Mukesh Ambani said this work will involve creating a customized version of Android designed for low-cost, entry-level smartphones, TechCrunch reports. It’s unclear how this project relates to Google’s existing version of Android designed for low-powered devices, Android Go. “We are excited to rethink, from the ground up, how millions of users in India can become owners of smartphones” Google says it hopes to use its investment in Jio to bring smartphones to more users in India. It notes that the majority of people in the country don’t have access to the internet, and that fewer still own smartphones. A partnership with Jio, which reportedly has around 400 million subscribers, could help accelerate Google’s efforts. “Together we are excited to rethink, from the ground up, how millions of users in India can become owners of smartphones,” Google said in its announcement. The investment…Continue readingGoogle invests in Indian internet giant Jio and plans new ‘affordable’ smartphone

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The Next Web

Google and Reliance Jio team up to build an affordable Android phone for India

Google and Reliance Jio announced today that both companies will work on an entry-level Android device for India. This was the part of an announcement of the search giant investing $4.5 billion in the Indian company in exchange for a 7.7% stake. Reliance’s chairman, Mukesh Ambani, said that this phone will have 4G connectivity, and readiness for 5G connectivity whenever the technology will be available in India. In a blog post, Google’s CEO,  Sundar Pichai, said that the smartphone will have optimizations to Android and Play Store for Indian customers: Google and Jio Platforms have entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimizations to the Android operating system and the Play Store. Together we are excited to rethink, from the ground up, how millions of users in India can become owners of smartphones. However, these enhancements don’t mean that Google is releasing a special Android fork. In the past couple of years, Jio has launched its ‘smart’ feature phones, JioPhone and JioPhone 2, with internet connectivity and apps such as Google Search, WhatsApp, Facebook, and YouTube. The company said it has sold more than 100 million of these KaiOS powered devices. But with this new affordable smartphone in partnership with Google, Jio wants to offer mainstream Android to folks who are not yet connected to the internet. Ambani said that more than 350 million Indians still use a 2G-enabled feature phone, and this new phone will enable them to use internet at a higher…Continue readingGoogle and Reliance Jio team up to build an affordable Android phone for India

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TechCrunch

Google invests $4.5 billion in India’s Reliance Jio Platforms – TechCrunch

Google has become the latest high-profile investor in India’s Reliance Jio Platforms. The search giant is investing $4.5 billion for a 7.7% stake in the top Indian telecom network, Reliance Jio Platforms chairman said on Wednesday. More to follow… Source linkContinue readingGoogle invests $4.5 billion in India’s Reliance Jio Platforms – TechCrunch

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The Next Web

Google reportedly in talks to make $4B investment into Jio Platforms

Google might be the next major company to invest in India‘s Reliance Jio Platform. According to Bloomberg, the search giant is in advanced talks to invest $4 billion in the Indian company. This comes just a day after Google CEO, Sundar Pichai, said that the firm will invest $10 billion in the Indian market over the next five to seven years. If the Jio investment goes ahead, it will cover 40% of the said investment capital. [Read: Google promises to invest $10B in India over the next ‘5 to 7 years’] Jio Platforms have already raised more than $15.8 billion this year in exchange for a 25.24% stake in the company. It has a prestigious line of investors including Facebook, Silver Lake Partners, General Atlantic, Mubadala Investments, and Intel Ventures. Last week, chipmaker Qualcomm invested $97 million in Jio Platforms to focus on 5G development in India. Pssst, hey you! Do you want to get the sassiest daily tech newsletter every day, in your inbox, for FREE? Of course you do: sign up for Big Spam here. Source linkContinue readingGoogle reportedly in talks to make $4B investment into Jio Platforms

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Tech Radar

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

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.” Qualcomm Ventures’ investment amount will make it acquire a 0.15% equity stake on a fully diluted basis. Jio Platforms has totally sold 25.24% stake and raised around $15.7 billion in around 12 week period. The biggest investor, of course, has been Facebook, which started this pioneering run in April. #Qualcomm invests 730 Crore in #JioPlatforms13th Investment in Jio Platform in 12 months .#MukeshAmbani – #Qualcomm will help in our 5G vision .#RelianceJio pic.twitter.com/5eoSsgqhzRJuly 13, 2020 Qulacomm, the 5G pioneer Qualcomm is the world’s leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G. It has more than $62 billion in cumulative research and development spend and 35 years of innovation and over 140,000 patents and patent applications. Qualcomm Ventures is a global fund that invests in pioneering companies across the wireless ecosystem in areas like 5G, AI, IoT, automotive, networking and enterprise.…Continue reading5G in focus: Jio Platforms gets $97 million investment from Qualcomm

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TechCrunch

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

Qualcomm has become the latest high-profile backer of four-year-old Reliance Jio Platforms, which has raised more than $15.7 billion in the past 12 weeks from as many investors. On Sunday evening, Qualcomm Ventures said it will invest $97 million in Reliance Jio Platforms to acquire a 0.15% equity stake in the top Indian telecom operator. Steve Mollenkopf, chief executive of Qualcomm, said the firm believes that Reliance Jio Platforms, which has disrupted the Indian telecommunications market by offering cut-rate voice and data plans, “will deliver a new set of services and experiences to Indian consumers” in the future. Reliance Jio Platforms, which competes with Bharti Airtel and Vodafone Idea in India, has amassed nearly 400 million subscribers and has become the top carrier in the world’s second largest internet market in less than four years of its existence. Its dominance in the Indian telecom operator while maintaining an ARPU (average revenue per user) that match those of its rivals has made Reliance Jio Platforms — a subsidiary of India’s top firm Reliance Industries — an attractive firm for a roster of high-profile investors. Facebook, Silver Lake, General Atlantic, Intel are some of the firms that have backed Jio Platforms at the height of a global pandemic. “With unmatched speeds and emerging use cases, 5G is expected to transform every industry in the coming years. Jio Platforms has led the digital revolution in India through its extensive digital and technological capabilities. As an enabler and investor with a longstanding presence in India,…Continue readingQualcomm to invest $97 million in India’s Reliance Jio Platforms – TechCrunch

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The Next Web

Chipmaker Qualcomm invests $97 million in Jio Platforms

US chipmaker Qualcomm announced today that it’s investing $97 million (₹730 crores) in Jio Platforms in exchange for a 0.15% stake in the company through its venture arm. Qualcomm is the second chipmaker to pump money in Jio Platforms after Intel invested $253 million to pick up a 0.39% share. In the past few months, Jio has raised a total of $15.73 billion from 13 investors including some prestigious names such as Facebook, Silver Lake Partners, and General Atlantic. In exchange, the Indian company has given up 25.24% stake of the firm. Reliance Jio has already raised more capital in 2020 than all of India‘s startups combined in 2019. Qualcomm is a key player in 5G development, especially when it comes to mobile phones. The investment can help both companies test 5G in India. Published July 12, 2020 — 15:01 UTC Source linkContinue readingChipmaker Qualcomm invests $97 million in Jio Platforms

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Tech Radar

Jio Platforms gets over Rs 30,000 crore from 4 investors

Jio Platforms had blazed a spectacular trail by raising over 15.5 billion dollars (Rs 117,588.45 crore) in the peak lockdown period with 11 different investors committing themselves to various amounts of investments in the Mukesh Ambani-helmed company. And those committed investments have started flowing into Jio Platforms. Today, the holding company Reliance Industries, in a press release, said: “We hereby inform that, after receipt of all requisite approvals, Jio Platforms Limited, a subsidiary of the Company, received the subscription amounts from the following investors and allotted equity shares to them.”  The four investors are: L Catterton, PIF, Silver Lake, and General Atlantic Singapore. Interstellar Platform Holdings Pte. Ltd. (L Catterton) has put in Rs 1,894.50 crore for a 0.39% share in the RIL subsidiary, while PIF has bought 2.23% equity for Rs 11,367 crore. SLP Redwood Holdings Pte. Ltd, and SLP Redwood Co-Invest (DE), L.P. (Silver Lake 1 and 2) have invested Rs. 10,202.55 crore for a 2.08% share and General Atlantic Singapore has picked up 1.34% for Rs 6,598.38 crore in Jio Platforms. So far, 11 global investors have bought 25.09% stake in Jio Platforms for a total of Rs Rs 117,588.45 crore. These investments, along with Rs 53,124 crore raised through a rights issue, have helped Reliance Industries become net debt-free. Facebook has paid its subscrition amount Earlier this week, Facebook’s entity Jaadhu Holdings LLC paid the subscription amount of Rs. 43,574 crore to Jio Platforms Ltd for a 9.99% stake in the latter. The Facebook deal was…Continue readingJio Platforms gets over Rs 30,000 crore from 4 investors