Google invested about 480 billion yen in Indian telecommunications company Jio Platforms, what is its purpose?

In 2016, the millionaire of India announced a plan to invest a private property to build a cheap high-speed wireless communication network in India, but the 'Jio Platforms' established by this plan was the largest in India in just four years Grow into a telecommunications carrier. And it was announced on July 15, 2020 that Google will invest 4.5 billion dollars (about 480 billion yen) in Jio Platforms. Jio Platforms is also about 600 billion yen from Facebook in April has been funded .

Bringing internet access to millions more Indians with Jio

Google confirms it is investing $4.5 billion in India's Jio Platforms

Indian businessman Mukesh Ambani plans to build an Internet communication network all over India by investing his own assets in 2016 and providing 4G high-speed wireless communication called 'Reliance Jio Network' at a cheap price It was started.

India's No. 1 businessman invested private property to build a cheap high-speed wireless communication network, a feeling of the arrival of the IT revolution in India-GIGAZINE

By offering a service that can be said to be price disruption for Reliance Jio, rival telecommunications companies began to move towards lower prices and higher communication capacities. It can be said that Mr. Ambani's attempt has changed the whole Internet service in India and has taken a further step as an IT nation.

And on July 15, 2020, Google announced that it will invest 4.5 billion dollars (about 480 billion yen) in telecommunications carrier Jio Platforms, which is the parent company of Reliance Jio. According to Google's announcement, the investment is pending review by the Indian authorities, but if approved, it is expected to accelerate investment in India's digital economy over the next 5 to 7 years by combining equity investment and investment in partnership infrastructure infrastructure ecosystem. That.

Google's CEO Thunder Pichai said in his Twitter account, 'Everyone should have access to the Internet. The first investment of $4.5 billion from #GoogleForIndia's digital fund, the internet of hundreds of millions of people without smartphones. We are proud to be a partner of Reliance Jio , which encourages us to connect.'

The partnership between Google and Jio Platforms will include 'joint development of entry-level inexpensive smartphones optimized for Android OS and Play Store'. Taking this partnership as a first step, Google says it wants to work with other regional leaders to bring Android smartphones to people across India.

In addition, Facebook in April 2020 to about 600 billion yen in Jio Platforms investment and, Intel is an investment of about 270 billion yen in early July was conducted .

in Web Service, Posted by darkhorse_log