Welcome to the world of facts and news: Jio Wins Qualcomm Backing in Boost to 5G Plan, Will Receive Rs. 730 Crores Investment

Jio Wins Qualcomm Backing in Boost to 5G Plan, Will Receive Rs. 730 Crores Investment

Reliance Industries said on Sunday Qualcomm’s investment arm will buy a 0.15 percent stake in its digital unit Jio Platforms for Rs. 730 crores ($97.1 million). The partnership will help Jio Platforms to "roll out advanced 5G infrastructure and services for Indian customers", Reliance said in a statement.

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