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apple developer account:Reliance's digital unit wins Qualcomm backing in boost to 5G plans

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FILE PHOTO: Commuters are reflected on an advertisement of Reliance Industries' Jio telecoms unit, at a bus stop in MumbaiMoreNEW DELHI (Reuters) - India's Reliance Industries said on Sunday Qualcomm Inc's investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees ($97.1 million).The partnership will help Jio Platforms, the unit that houses Reliance's telecoms venture Jio Infocomm, to "roll out advanced 5G infrastructure and services for Indian customers", Reliance said in a statement.Qualcomm's move comes at a time India is preparing to auction 5G airwaves to telecoms service providers.With this new investment, Reliance has sold a 25.2% stake in Jio Platforms to investors in a funding spree that began late April, raising $15.69 billion.Although Jio Platforms also comprises Reliance's music and movie apps, Jio Infocomm - the mobile carrier - is its centrepiece.Reliance chairman and billionaire tycoon Mukesh Ambani has always pitched Jio Infocomm as a tech company instead of a traditional telecoms firm.That has helped Ambani win the backing of major tech firms such as Facebook Inc, Intel and now Qualcomm."Qualcomm offers deep technology know-how and insights that will help us deliver on our 5G vision and the digital transformation of India for both people and enterprises," Ambani said in the statement." data-reactid="30">(Reporting by Sankalp Phartiyal; Editing by Andrew Cawthorne and Emelia Sithole-Matarise)
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