Reliance Jio Q3 net profit rises 15.5 pc to Rs 3,489 cr
RIL Chairman and Managing Director Mukesh D Ambani said India is now among the leaders driving the digital revolution in the world.
RIL Chairman and Managing Director Mukesh D Ambani said India is now among the leaders driving the digital revolution in the world.
The Google-Jio deal will seek to leverage Jio and Google's existing digital services to capture the emerging digitisation market beyond the current 500 million internet users in India.
This figure excludes the $10.2 billion in strategic investments by Silicon Valley tech giants Google and Facebook.
This is the 14th investment in Jio Platforms since April 22, the date when Facebook agreed to acquire 9.99 per cent for Rs 43,573.62 crore.
RIL’s chairman and managing director Mukesh Ambani has always pitched Jio Infocomm as a tech company instead of a traditional telco.
Meanwhile, Reliance Industries’ digital unit Jio Platforms secured Rs 730 crore from wireless technology leader Qualcomm by selling 0.15 per cent stake.
In June, Ambani announced that his company is now net debt free after it raised a record Rs 1.69 lakh crore from stake sales and rights issue in less than two months.
JioMeet, that looks similar to Chinese app Zoom, has already been downloaded more than 1,00,000 times on Google Play Store.
1. With this deal, the total investment amount in Jio Platforms has reached to Rs 1,17,588.45 crore. 2. The latest slew of investments has helped Mukesh Ambani’s oil-to-telecom conglomerate pay down debt.
ADIA manages a global investment portfolio that is diversified across more than two dozen asset classes and sub-categories.
