Google to invest over Rs 33,737 cr for 7.7 per cent stake in Jio Platforms, said Mukesh Ambani at the company’s annual general meeting. Ambani says target of capital raise for Jio Platforms is complete with on boarding of Google.
Mukesh Ambani further said India’s first cloud-based video conferencing app JioMeet has seen 5 million downloads within days of its launch.
Reliance Industries earlier this week launched JioMeet video conferencing app with unlimited free calling, which is being seen as rate war on rival Zoom.
JioMeet video conferencing app is available across Android, iOS, Windows, macOS and web. Addressing the company’s 43rd annual general meeting, Ambani said JioMeet has seen 5 million downloads by users within days of its launch.
Ambani further stated, Jio has developed a complete 5G solution from scratch, this will enable us to launch a world-class 5G service in India. This will be ready for trial as a soon as 5G specturm is available and can be ready for field deployment next year. Google and Jio are partnering to build an Operating System that could power a value-engineered, entry-level 4G/5G smartphone. The Jio-Google partnership is determined to make India 2G-mukt.