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Tuesday, August 16, 2022

Big Breaking-Reliance Jio shatters China’s 5G dream in India

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In an astounding manner, Chairman of Reliance Industries Mukesh Ambani has announced the arrival of Reliance Jio on Global Technology Platform. Ambani has announced that Jio has developed a complete 5G solution from scratch that will enable us to launch a world-class 5G service in India.

Reliance shattered China’s 5G Dream

This announcement will certainly shatter the 5G Dreams of China. Jio has promised 100 percent home developed 5G Technology, trials to start soon and will be ready for field deployment by next year. Ambani also announced that Google and Jio are partnering to build an Android based smartphone Operating System, specifically for 3G and 4G enabled smartphones. China was betting high on India’s 5G market, Chinese Technology giant Huawei was all set to storm Indian Technology space, however the recent tiff between India and China has given it a major setback. Over and above that, the presence of homegrown 5G Technology Vendor in India itself will give a major jolt to Huawei’s future plans in India.

Both Jio and Google made and agreement to develop low-cost, entry-level smartphones to serve the next hundreds of millions of users in India and across the World.

Reliance Industries Ltd during its 43rd annual general meeting (AGM) has announced the reeling in of Google as an investor. The company has announced that Google will invest Rs 33,737 crore for a 7.7 per cent stake in Jio platforms after all regulations are met. With this, Google will be joining partners like Facebook, Silverlake, KKR, TPG, Intel and Qualcomm, among others.

Jio TV Plus – a revolutionary TV experience

Reliance announced Jio TV Plus, which will be a content aggregator that brings Over the top (OTT) platforms, TV channels, various apps, and services together. Jio TV Plus User Interface (UI) brings together 12 leading global OTT platforms like Netflix, Amazon Prime, Disney Hotstar, Sony LIV, and many more as the customers will be able to search for shows and movies easily, hence improving Customer experience to a great extent.

JioGlass – A path breaking innovation

Mukesh Ambani also launched Jio’s latest innovation, Jio Glass. The Jio Glass is an innovative technology that provides best-in-class Mixed Reality services, which provides a truly meaningful immersive experience to the end users. Jio Glass will revolutionize the education by making teachers and students come together in 3D virtual rooms and conduct holographic classes through Jio Mixed Reality cloud in real. JioGlass will change the traditional way of learning Geography and several other subjects. 

JioMeet – 5 Million Users so far

Ambani also informed that JioMeet, a cloud video conferencing platform, has been downloaded 5 million users so far. The Annual General Meet 2020 is being hosted via JioMeet. The platform was launched in the country last month to take on the likes of Zoom and Google Meet.

Arrival of Global Investment Magnet – Reliance Jio

When the entire World was mired with after effects of Corona Pandemic, it was Mukesh Ambani led Reliance Jio which attained a distinction of a Global Investment Magnet. It has attracted investment worth several Billion USD in last 2-3 months so far.

Following are the major investment inflows for Reliance Jio.

1) Social media giant Facebook on announced investment of ₹43,574 crore into Jio Platforms, the investment will translate into a 9.99 per cent equity stake in Jio Platforms, the largest FDI in the Indian tech sector till date.

2) US-based private equity firm Vista Equity Partners will buy a 2.32 per cent stake in billionaire Mukesh Ambani’s digital unit for ₹11,367 crore.

3) Silver Lake has agreed to invest ₹5,655.75 crore to buy a 1.15 per cent stake in Jio Platforms.

4) General Atlantic has picked up 1.34 per cent stake in the digital unit of Reliance Industries for ₹6,598.38 crore.

5) Reliance industries sold 2.32 per cent stake in its digital unit to the US-based private equity giant KKR for ₹11,367 crore.

6) Mubadala Investment Company, the Abu-Dhabi based sovereign investor, will invest ₹9,093.60 crore into Jio platforms. Mubadala’s investment will translate into a 1.85 per cent equity stake on a fully diluted basis.

7) Private equity fund Silver Lake invested another ₹4,546.80 crore for additional 0.93 per cent stake in Jio Platforms.

8) Abu Dhabi Investment Authority (ADIA) has taken 1.16 per cent equity stake in Jio Platforms for ₹5,683.5 crore.

9) Reliance Industries also sold a 0.93 per cent stake in Jio Platforms to global alternative asset firm TPG for ₹4,546.80 crore.

10) L Catterton, one of the world’s largest consumer focused private equity firms, said it will invest ₹1894.50 crore, translating into a 0.39 per cent equity stake in Jio Platforms on a fully diluted basis.

11) Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the RIL digital unit for ₹11,367 crore on 18 June.

12) Reliance Industries on 3 July said it has secured ₹1,894.50 crore from Intel Capital by selling a small stake in its technology venture.

Reliance Jio has become ‘The Darling of Investors’ as it is attracting global investors like no one has done before. Jio indeed an example of Mukesh Ambani’s vision of diversification of Reliance Industries business from its core sectors to new avenues. 

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