July 13 - 17:07
Qualcomm invests $97mn in Jio Platforms, eyes 5G projects
Qualcomm has become the latest company to invest in India's Reliance Jio Platforms, parting with $97 million in return for a mere 0.15% stake in the Indian telecom operator. Qualcomm said it would help Jio to roll out domestic 5G services. Reliacne Jio Platforms has raised more than $15.7 billion over the last 12 weeks from the likes of Facebook, Intel and wealth funds in Saudi Arabia and UAE.
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