Intel invests 253,5 million dollars in the platform Onega Dragun | 06.07.2020
Company Platforms Jio, owned by Reliance Industries, billionaire Mukesh Ambani, announced investment by Intel on Friday. Intel will invest in the company 253,5 million dollars in exchange 0.39%
shares. Facebook is already investing in it at 5.7 billion dollars in exchange for a 9.9% stake.
Platforms Jio manages a telecommunications network Jio Infocomm, which since launch in 2016 has more than 388 million 4G subscribers. Today it is the leading Telecom company
India, and has multiple applications and other services in the field of electronic Commerce and broadband access to the Internet.
India, home to 1.35 billion people, is rapidly evolving, and investors do not want to miss this opportunity, especially when it comes to technological advances.
Ambani, the richest man in India, is currently trying to sell about 20% Jio Platforms to raise money for debt-ridden parent company Reliance Industries, which
actively engaged in oil and petrochemical industry. Net debt is $ 20 billion.
American investors, such as KKR, General Atlantic, Silver Lake and Vista has already invested billions of dollars in Jio Platforms.
Last month, the sovereign wealth Fund of the UAE “Mubadala” announced that it would invest in the company $ 1.2 billion, and the Public investment Fund of Saudi Arabia has invested 1.5 billion
dollars.
Investment Facebook has become the largest deal since buying WhatsApp for $ 19 billion.
Investment
