Reliance's 5G-focused digital network spinoff has added Qualcomm Ventures to an investor base that already includes Intel Capital and Facebook.
Qualcomm Ventures, mobile chipmaker Qualcomm’s corporate venturing unit, agreed yesterday to invest up to Rs 7.3bn ($97.1m) in Jio Platforms, the digital services provider spun off by India-based conglomerate Reliance Industries.
The deal will give the unit a 0.15 % stake in Jio and value it at about $64.7bn. It comes after semiconductor and data technology provider Intel paid $253m for a 0.4% stake through subsidiary Intel Capital earlier this month.
Jio is developing a mobile video network designed…
