Intel to invest over $250mn in Jio Platforms for 0.39% stake

Intel to invest over $250mn in Jio Platforms for 0.39% stake

Intel had decided to invest over $250mn in RIL Jio Platforms, just three months after FB announced a $5.7bn investment in the company. Intel will invest $253.5mn for 0.9% stake thus valuing the company, which is valued at $65bn, in exchange for 0.39% stake. Jio Platforms operates Jio Infocomm telecom network, which has over 388mn 4G subscribers since launching in 2016.

Milan
Milan
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