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Jio 5G, JioTV Plus, ‘2G Mukt’ India: Major Announcements By Mukesh Ambani At Reliance AGM 2020 | 5 Points
In a major event, Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday announced that Google is going to invest Rs 33,737 crore in Jio Platforms for an equity stake of 7.73 percent.
Google’s investment will be in the equity valuation of Rs 4.36 lakh crore.
Other than the partnership with Google, several important announcements were made with respect to the various sections of the Reliance conglomerate.
Here are some key takeaways from what lies ahead for the giant:
Jio 5G: Jio is venturing into the 5G technology for which it has developed the required tech infrastructure from scratch, the company stated. Chairman Mukhesh Ambani shared Jio’s promises of delivering world-class 5G service in India with a 100% home developed setup. He revealed that the trials for the same are going to being soon and the plan will be ready for on-ground initiation by 2021.
Google Partnership, 2G Mukt India: By teaming up with Google, Reliance’s Jio aims to build an operating system to launch entry-level 4G and 5G smartphones while making India “2G Mukt”. The partnership focuses on making access to 4G and 5G very affordable and reachable to millions of consumers across all socio-economic categories. The key point is to make it all “affordable” with indigenous technology. 🌐