Qualcomm in 5G quiver

Qualcomm’s small investment in Jio Platforms is unlikely to stop at a mere financial investment. Observers are betting on both the entities extending the relationship to other operational aspects, particularly in 5G.

On Sunday, Reliance Industries announced that Qualcomm Ventures will invest up to Rs 730 crore for a 0.15 per cent equity stake in Jio Platforms. Qualcomm is the 12th marquee investor in the digital services arm of Reliance which has mobilised more than Rs 1.18 lakh crore .

Sources said Reliance is inducting players who bring with them expertise that can be adopted to provide high quality digital services in the country.