July 12, 2020 / 3:09 PM / a month ago

Qualcomm invests 7.3 bln rupees in Reliance digital unit

NEW DELHI, July 12 (Reuters) - India’s Reliance Industries on Sunday said Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion Indian rupees ($97.1 million).

The partnership will help Jio Platforms, the unit that houses Reliance’s telecoms venture Jio Infocomm, to “rollout advanced 5G infrastructure and services for Indian customers,” Reliance said in a statement.

$1 = 75.1900 Indian rupees Reporting by Sankalp Phartiyal; Editing by Andrew Cawthorne

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