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Google buys stake in Jio for USD 4.5 bln, to partner on affordable smartphone

2020-07-15 13:17:00| Telecompaper Headlines

(Telecompaper) Google is the latest company to invest in Jio Platforms, the Indian company owned by Reliance Industries which owns the mobile and fibre operator Jio. Google will pay USD 4.5 billion (INR 337.37 billion) for a 7.73 percent stake in Jio Platforms. As part of the deal, the companies will work together on an entry-level smartphone based on Google's Android system to help more Indians get online. 

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