Google will Invest $4.5 billion In Jio
Google will Invest $4.5 billion In Jio Platforms & Low-Cost Smartphones By Flickonclick - July 16, 2020 Google will invest a staggering $4.5 billion (Rs 33,828 crore) amount in India’s biggest Telecom Jio Platforms in exchange for a 7.73% stake in the company. The decision was followed by another investment of Facebook who invested $5.7 billion (Rs 43,000 crore) in Reliance’s Jio back in April. Search Engine Giant made the headlines on Monday when Sundar Pichai, CEO of Google and Alphabet Inc. announced a whole sum investment of $10 billion in India spread across in five to seven years period. And this is the very first investment in an upcoming long term relationship on Indian grounds. ALSO READ: Leaked Inside Information About The Upcoming Apple iPhone 12 The Indian-born CEO also shared the new Google for India Digitization Fund through which the company will be making investments in the country. “We’ll do this through a mix of equity investm...