Google Invests $4.5B In Indian Telecoms Giant Reliance Jio
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deadline.comTom Grater International Film ReporterGoogle has reached an agreement to purchase a 7.73% stake in Indian telecommunications giant Jio Platforms, a subsidiary of Reliance Jio, for $4.5B, pending regulatory review.The move marks the company’s first investment as part of its $10B Google for India Digitization Fund, which was announced earlier this week as an endeavor to boost digital growth on the subcontinent.The news was confirmed by Google/Alphabet CEO Sundar Pichai on Twitter:Everyone should have access to the internet.
Proud to partner with @reliancejio to increase access for the hundreds of millions in India who don’t own a smartphone with our 1st investment of $4.5B from the #GoogleForIndia Digitization Fund.https://t.co/1fP8iBZQfm—.
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