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Qualcomm Set to Invest $97 Million in India’s Reliance Jio Platforms
After raising billions from investors, Reliance Jio is set to receive $97 million from Qualcomm, to “roll out” 5G infrastructure services.
Qualcomm To Invest $97M In India's Jio Platforms, Joining Facebook, Intel As Stakeholders
QUALCOMM Inc. (NASDAQ: QCOM ) has committed to invest $97.1 million in Indian behemoth Reliance Industries Ltd.'s digital services arm Jio Platforms, the latter announced Sunday. What Happened The investment will give the San Diego, California-based chipmaker 0.15% stake in Jio. The two companies noted the deal would "support [Jio] on its journey to rollout advanced 5G infrastructure and services for Indian customers." "As an enabler and investor with a longstanding presence in India, we look forward … Full story available on Benzinga.com
Qualcomm is the latest US tech name to back India's Jio Platforms
India's richest man isn't done with his fundraising spree just yet.
RIL's m-cap hits Rs 12 lakh cr, shares at fresh high
Mumbai: Reliance Industries (RIL) on Monday became the first Indian company to reach market capitalisation of Rs 12 lakh crore, with shares reaching a fresh high of Rs 1,938.80. Around 10 a.m., RIL's market capitalisation was at over Rs 12.23 lakh crore. Its shares on the BSE were trading at Rs 1,933, higher by Rs 54.50 or 2.90 per cent from its previous close. The bull run in RIL shares continued on Monday after the company announced another investment coming into Jio Platforms. RIL on Sunday announced that Qualcomm Ventures, the investment arm of Qualcomm Incorporated has committed to invest up to Rs 730 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. With the investment Qualcomm Ventures will pick up a 0.15 per cent stake in Jio Platforms. With the latest investment, total investments into Jio Platforms have crossed Rs 1.18 lakh crore so far.
RIL stock nears Rs 2,000 mark, up 127% in less than 4 months from Rs 867
The oil-to-telecom conglomerate also became the first Indian company to cross the Rs 12 lakh crore market valuation mark, after Mukesh Ambani's company said it has secured Rs 730 crore from wireless technology leader Qualcomm for a 0.15% stake in Jio Plat
RIL market cap crosses Rs 12 lakh crore as Qualcomm to invest Rs 730 cr in Jio Platforms
Share price of Reliance Industries Ltd (RIL) hit a record high today on report that Qualcomm Ventures, the investment arm of Qualcomm Incorporated, committed to invest up to Rs 730 crore for a 0.15 per cent equity stake in Jio Platforms. The announcement,
GREENGROUND IT - 5G in focus: Jio Platforms gets $97 million investment from Qualcomm null
Just sometime back, Reliance Industries Chairman and India's richest man Mukesh Ambani wrote to his company shareholders saying, "Reliance Jio would play a key role in the development of the 5G ecosystem in India", and elsewhere in the USA, a leading official of Trump government lavished praise on Reliance Jio as being one of the…
Jio Wins Qualcomm Backing in Boost to 5G Plan
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.
Qualcomm-Jio deal: 5G wireless tech company to invest Rs 730 crore in RIL unit
The partnership will help Jio Platforms to “roll out advanced 5G infrastructure and services for Indian customers”, Reliance said
Reliance Jio gets Rs 730 crore investment from wireless technology firm Qualcomm
The US-based firm bought a 0.15% stake in the Mukesh Ambani-headed company, for which this is the 13th consecutive deal since March.
Qualcomm (QCOM) Q4'18 earnings: what you need to know
QUALCOMM Incorporated (QCOM) shares are trading at $63.67, up 0.54% today. The company is announcing its quarterly earnings results on Wednesday after market close. What's driving Qualcomm stock price? What's QCOM stock price forecast?
QUALCOMM (QCOM) earnings preview: tepid revenue projections
QUALCOMM (QCOM) is expected to report earnings on July 25 after market close. What are QCOM earnings expectations? What news will the market be watching out for?
Broadcom Mum On Qualcomm, But Expected To Raise Price?
Broadcom management said little on the call about Qualcomm, but we continue to believe that such a deal would be materially accretive to Broadcom. Broadcom may be able to raise its bid price as high as $80 per share and still find the acquisition to be quite accretive.
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