Intel announces a more than $250 million investment into India’s largest telecom operator.
James Martin/CNET
Intel is investing millions of dollars for a small stake in India’s largest telecom operator as it seeks to further tap into the world’s second largest internet market.
The deal will see the US tech company sink in $253 million dollars for a 0.39% stake in Reliance’s digital unit Jio Platforms, according to a statement published on Friday. Jio Platforms has a number of services under its umbrella, including Reliance Jio, which has amassed more than 388 million users since its launch in 2016, making it India’s largest telecom provider.
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Source CNET Internet News
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