Google says it will invest $4.5B in Jio Platforms for a 7.73% stake as part of the recently announced $10B India digitization fund
This investment will be part of Google's recently announced $10 billion India digitization fund — Internet major Google is buying a 7.73% stake …
The Economic Times Danish Khan
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Discussion
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@sundarpichai
Sundar Pichai
on x
Everyone should have access to the internet. Proud to partner with @reliancejio to increase access for the hundreds of millions in India who don't own a smartphone with our 1st investment of $4.5B from the #GoogleForIndia Digitization Fund. https://blog.google/...
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@sumanthr
Sumanth Raghavendra
on x
Have been hearing the “Can India produce a Google?” question for the last ten years. Looking forward to the “Can the US produce a Jio?” question for the next ten years.
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@sharmasupriya
Supriya Sharma
on x
Still wrapping my head around this. Global monopoly meets Indian monopoly. https://twitter.com/...
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@akm1410
Ashish K. Mishra
on x
I like how Google rationalised $10 billion for India is $4.5 billion for Jio. That was smart.
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@tame_wildcard
Raman Chima
on x
More than one executive involved in those discussions flagged concerns around Reliance's reputation, particularly around problematic approaches towards gaining influence with policymaking civil servants and politicians, money, ethics in govt-business relationships.
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@arunpudur
@arunpudur
on x
Looks like every Big Tech is investing in @reliancejio to avoid being booted out like #CCP Apps & also get access to the massive Indian market and its data as well. Google is investing $4.5 billion for a 7.7% stake in the top Indian telecom network. https://techcrunch.com/...
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@writankarmet
Writankar Mukherjee
on x
The Jio-Google entry Android 5G smartphone at disruptive price will help Reliance to revive the domestic manufacturer share which is at 1% now. Could be a big challenger for @XiaomiIndia and @realmemobiles. #RelianceAGMs2020 #RelianceAGM
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@pranavdixit
@pranavdixit
on x
Nearly 50% of the $10 billion investment in India that Google announced earlier this week is going to a single company owned by Asia's richest man. https://twitter.com/...
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@ettech
@ettech
on x
Google and Jio are partnering to build an Android-based smartphone operating system for 4G/5G phones that will be priced at a fraction of current costs https://twitter.com/...
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@mkvenu1
M K Venu
on x
In his conversation with Sundar Pichai @narendramodi had raised concerns over data privacy & security in the context of India emerging as biggest digital economy. I add another concern- data monopoly & monetisation when tech giants like Google&Facebook enter partnership with Jio.
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@tame_wildcard
Raman Chima
on x
I'm concerned re: Google's current ethical & moral leadership re: India. Back in 2011-12, there were discussions around how partnering, investments into a firm like Reliance could turn-the-page on Indian political risks. Concerns raised then on conflicts w/ Google's values.
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@jonrussell
Jon Russell
on x
Google joins Facebook, Microsoft, Qualcomm, Intel and a bunch of top investment firms in backing Reliance Jio in India Google is putting in $4.5B... which means Reliance has raised $20B in total in recent months (!) https://techcrunch.com/...
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@reliancejio
Reliance Jio
on x
“Through this partnership, we are confident that we can accelerate the national mission of putting a smart device in the hands of every Indian.” @Google #RILAGM #NayeIndiaKaNayaJosh #Jio #JioPlatforms #Google https://twitter.com/...
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@akbaruddinindia
Syed Akbaruddin
on x
Investments pour in India's digital future. This week's update, so far Sunday: Foxconn $1 billion Monday: Google $10 billion Tuesday: Walmart $1.2 billion Wednesday: Google $4.5 billion in India's Reliance Jio Platforms (Part of Monday's announcement) https://techcrunch.com/...