Google Reportedly to invest $4 billion in Jio-Platforms an Indian Telco.

Google To Invest in JIO-Platform Telco.

Photo by Kai Wenzel on Unsplash

“After Facebook’s $5.7 billion bet on the Indian Telco Google is in “advanced talks” to invest $4 billion in Indian telecommunications firm Jio Platforms, according to a report on Bloomberg”.

The announcement could come in the next few weeks, sources familiar with the matter reportedly told Bloomberg.

If the deal were to go ahead, then Google would become the latest U.S. tech giant to back Jio Platforms, which is owned by Mukesh Ambani’s Reliance Industries.

Facebook announced a $5.7 billion investment in the company in April and Intel invested $250 million earlier this month. Last month, UAE sovereign wealth fund mubadala revealed it was investing $1.2 billion in the company, while Saudi Arabia’s Public Investment Fund put in $1.5 billion.

Jio Platforms operates which has over 388 million 4G subscribers in India since launching in 2016. Today it is India’s Top Telco, and also has several apps in Google PlayStore and Apple AppStore, and other services in E-commerce and Broadband across the country.

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