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.