July 15 - 11:07
Google jumps on Reliance Jio bandwagon with $4.5bn investment
Google has become the latest technology company to sink money into Reliance Jio, the Indian telecoms leader owned by Reliance Industries. Google has invested $4.5 billion in return for a 7.7% stake. It comes just days after Google's CEO Sundar Pichai pledged to invest $10 billion in India over the next five years. Reliance Jio has attracted almost $20 billion in funding since April.
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