India gives a Nod to Google's $4.5 Billion Deal With Reliance's Jio Platforms
CIOReviewIndia Team | Thursday, 12 November 2020, 04:02 IST
Google’s investment of $4.5 billion in the development of the largest telecom platform, Jio Platforms is approved by India, said in a tweet on Wednesday.
Google said that in July, it would be investing $4.5 billion for a whopping 7.73 percent stake in the top Indian telecom network, and as part of the deal, Google and Jio Platforms plan of collaborating on the development of a customized-version of the Android mobile operating system, building a low-cost, entry-level smartphone for serving the next hundreds of millions users.
Jio plans to launch as equal to 200 million smartphones in the coming three years and these smartphones, which is nearly 40 million of Jio’s feature phones in circulation at present, will have an application store featuring only a few dozen apps, all vetted and approved by Jio, as per one developer, who was pitched by Jio Platforms.
Competition Commission of India (CCI), said, it is interested in reviewing the data-sharing agreement between Google and Jio.
It announced today, which comes after the CCI announcement of direct in-depth investigation into Google for verification of the allegations of whether the Android developer promotes its payments services during the installation of an Android smartphone and whether Google Play Store's billing system is designed to disrupt both.
CCI, after investigation, prompted in the initial review that Google Pay is to be used for buying apps/make in-app payments was an “Imposition of unfair and discriminatory condition, denial of market access for competing apps of Google Pay, and leveraging on the part of Google,” said CCI.
With 400+ million subscribers, Jio Platforms this year raised $20 billion from 13 high-profile investors, which includes Facebook (delivered $5.7 billion into the Indian firm). That deal has CCI approval, and Jio Platforms is a subsidiary of Reliance Industries, which is India’s most valued firm under the leadership of Mukesh Ambani, Asia’s richest man.
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