Reliance Industries Limited has recently announced an investment from Qualcomm, in its
digital unit. It will buy a 0.15% stake in Jio Platforms for $97.1 million.
This partnership will help Reliance’s telecoms venture Jio Infocomm to launch advanced 5G infrastructure and services for the customers in India. Reliance said in a statement.
Reliance chairman Mukesh Ambani has mentioned in a statement, “Qualcomm offers deep technology know-how and insights that will help us deliver on our 5G vision and the digital transformation of India for both people and enterprises.”