Tag Archives: Platforms

Welcome to Foreign Policy’s South Asia Brief, the newsletter that covers the region comprising Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka. This week: Google invests $4.5 billion in India’s Jio Platforms, South Asia records 1.5 million coronavirus infections, mass flooding hits Bangladesh, and Nepal picks a new fight with India. If you would like to receive South Asia Brief in your inbox every Thursday, please sign up here.

Alphabet Inc.’s Google will invest about $4.5 billion in Jio Platforms Ltd, the company behind India’s largest telecom provider by subscribers, giving the American tech giant a powerful partner for its plans to get hundreds of millions more people online. Google will take a 7.7% stake in Jio, which brought the internet to millions of people who previously couldn’t afford it by offering inexpensive handsets and data plans. It now has more than 388 million subscribers. … Source link

Google has become the latest high-profile firm to back India’s Reliance Jio Platforms. The search giant is investing $4.5 billion for a 7.73% stake in the top Indian telecom network, Reliance Industries chairman Mukesh Ambani said on Wednesday. The investment today from Google is one of the rare instances where the Android-maker has joined its global rival Facebook in backing a firm. Facebook invested $5.7 billion in Reliance Jio Platforms, which has amassed over 400 million… Source link

Mukesh Ambani Barcroft Inida | Getty Images Google is in “advanced talks” to invest $4 billion in Indian telecommunications firm Jio Platforms, according to a report from Bloomberg on Tuesday.  The announcement could come in the next few weeks, sources familiar with the matter reportedly told Bloomberg. However, it could be delayed or canceled altogether, and the details are still being ironed out.  Google and Reliance Industries did not immediately respond to CNBC’s request for comment.  If… Source link

The stock surge has also helped Ambani, Asia’s richest man, to break into the exclusive club of the world’s 10 wealthiest people. With a net worth of $72.4 billion, according to the Bloomberg Billionaires Index, the titan has rocketed past Elon Musk, Google co-founders Larry Page and Sergey Brin, as well as legendary investor Warren Buffett in the past few days to become sixth on the list. Source link

BENGALURU/NEW DELHI : Google is in advanced talks to buy a stake in Reliance Industries Ltd.’s digital arm Jio Platforms Ltd., according to people familiar with the matter. The US technology company has been discussing an investment of about $4 billion, the people said, asking not to be identified because the information is private. An announcement could come as soon as the next few weeks, according to the people. Details of the potential deal could… Source link