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RIL AGM: Reliance Jio and Google partner to build an affordable Android-based 5G smartphone for India

“The Jio-Google partnership is determined to make India 2G-mukt, said Mukesh Ambani at RIL AGM.

July 15, 2020 / 04:59 PM IST

Reliance Industries (RIL) at its 43rd AGM 2020 has announced its partnership with Google to build a new smartphone operating system for its affordable 5G smartphones in India.

RIL CMD Mukesh Ambani announced that the company is partnering with Google to build a value-engineered Android-based smartphone operating systems. 

Ambani said, "Jio has offered affordable 4G devices to more than 100 million feature phone users who upgraded to Jio Phone. However, more than 350 million feature phone uses remain in the country and to bring them on board, Reliance will bring an entry-level 4G or even 5G smartphone for a fraction of its current cost. To power such a value-engineered smartphone, we also need an equally value-engineered smartphone operating system which will be designed from ground-up."

He added, “The Jio-Google partnership is determined to make India 2G-mukt."

Track all the updates on RIL AGM by following our LIVE blog here


Sundar Pichai, CEO of Google and Alphabet, on the partnership with Jio said,"Today we signed an agreement to invest $4.5 billion (INR 33,737 crore) in Jio Platforms Ltd, taking a 7.73 percent stake in the company, pending regulatory review in India. This is the first investment from the Google For India Digitisation Fund announced earlier this week, which aims to accelerate India’s digital economy over the next five to seven years through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments."

The investment by Google—the 14th such deal in less than 13 weeks—takes the total stake that Reliance sold in Jio Platforms to a skosh over 33 percent. Mumbai-based RIL has now raised a combined Rs 1,52,056 crore from some of the world’s leading tech investors in the largest fundraising exercise by a company anywhere in the world and during a global lockdown at that. 

Follow all of our coverage on RIL's 43rd annual general meeting here.

Also read
- RIL 43rd AGM: Reliance Jio and Google partner to build an affordable Android-based 5G smartphone for India
- RIL 43rd AGM: Google will invest Rs 33,737 crore for 7.7% in Jio Platforms
- RIL AGM: Nearly half of Google's India Digitisation Fund to go into Jio
- RIL 43rd AGM: Jio develops made-In-India 5G solution
- RIL AGM key highlights: Mukesh Ambani announces Google deal; Jio readies 5G solution
- RIL AGM: Capital raise complete, now only look to add strategic partners, says Chairman Mukesh Ambani
- RIL AGM 2020: In its latest offerings, Reliance announces JioTV+ and Jio Glass
- RIL AGM: Reliance launches Jio Glass for best-in-class mixed reality experience
- RIL 43rd AGM: Saudi Aramco deal has not progressed as per earlier timeline: Mukesh Ambani
- RIL AGM: JioMart successfully piloted, will expand beyond groceries
- RIL AGM: Will induct global partners into Reliance Retail, says Mukesh Ambani
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- RIL AGM: No better partner for Indian startups than Jio, says Chairman Mukesh Ambani
- RIL AGM: Isha Ambani says JioMeet, Embibe helping students get access to quality education online

- RIL AGM: Isha Ambani says JioMeet, JioHealthHub to provide end-to-end digital health services

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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first published: Jul 15, 2020 03:14 pm
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