Jio Platforms gets Qualcomm on board to boost 5G plans

Qualcomm’s investment arm will buy a 0.15% stake in Reliance Industries’s Jio Platforms for 730 cr rupees. The partnership, Reliance in a statement said, will help Jio Platforms to “roll out advanced 5G infrastructure and services for Indian customers.” The investment has come at a time when the Indian government is set to auction the 5G spectrum for commercial usage. RIL, after the latest investment, has sold a 25.2% stake in Jio Platforms raising Rs 1,18,318.45 cr.

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