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In 2016, an Indian millionaire announced plans to build an inexpensive, high-speed wireless network in India through private finances, and in just four years, Geo Platforms, founded accordingly, has grown into India’s largest telecommunications operator. This time, on July 15, Google announced a $4.5 billion investment in such a geoplatform. Geoplatform invested $5.7 billion from Facebook in April.
In 2016, Indian businessman Mukesh Ambani started a plan to build an internet network all over India at once by investing his assets in 2016 to establish a company called Reliance Jio, a company that provides 4G high-speed contradictory communications at low cost. RelianceGeo’s parent company, Geoplatform, provided a service that could be called price disruption, leading competing telecom companies to lower prices and increase communication capacity. Some say that Ambani’s attempt will change the entire Internet service in India and take a new step as an IT country.
On July 15, Google announced a $4.5 billion investment in Geoplatform. According to Google’s announcement, this investment is pending review by the Indian authorities, but if recognized, investments in partnerships, infrastructure, and ecosystems in addition to stock investments are expected to accelerate India’s digital economy over the next five to seven years.
Google CEO Sundar Pichai said in his Twitter account that everyone should have access to the Internet, Reliance, which makes an initial investment of $4.5 billion through a fund (GoogleForIndia) and promotes Internet connectivity for hundreds of millions of people without smartphones. Jio) said he is proud to be a partner.
The partnership between Google and Geoplatform also includes joint development of entry-level low-cost smartphones optimized for Android OS and Google Play Store. Google sees this partnership as its first step and looks forward to cooperating with other regional leaders to distribute Android smartphones across India. Related information can be found here .
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