Intel Capital has invested in Jio platforms, taking
the total investment amount to INR 117,588.45 crore in Jio Platforms
India:
Intel Capital, a division of Intel Corporation,
which manages mergers and acquisitions, corporate venture capital, global
investments and other financials, has recently invested INR 1894.5 crore in Jio
Platforms Limited, which is a subsidiary of Reliance Industries Limited and a
well-recognized Indian digital services company.
The investment will be made at 0.39%
equity stake in Jio Platforms, which accounts for INR 4.91 lakh crore. The
enterprise value of this investment is INR 5.16 lakh crore. This is the twelfth
investment that has been made in Jio Platforms since April 22nd,
2020, which has raised the total investment amount of the firm to INR 117,588.45
crore.
The chief managing director
of Reliance Industries said, “We are extremely delighted to deepen our ties
with technology leaders that embody our vision of transforming India into a
leading Digital Society in the world. Intel is a true industry leader, working
towards creating world-changing technology and innovations. Intel Capital has
an outstanding record of being a valuable partner for leading technology
companies globally. We are therefore excited to work together with Intel to
advance India’s capabilities in cutting-edge technologies that will empower all
sectors of our economy and improve the quality of life of 1.3 billion
Indians,"
According to TechSci Research, this investment made by Intel Capital in Jio
Platforms is expected to render positive results as Jio has more than 388
million subscribers all over the country. Catering to such a large population
of subscribers by providing new schemes with the assistance of invested funds
is expected to generate a huge profit for the company. Jio Platforms Limited
operates in multiple fields and spans across broadband connectivity, cloud
computing, edge computing, smart devices, big data analytics, internet of
things, artificial intelligence, blockchain, and many other services. Thus,
utilization of this investment for such a vast horizon of applications is
expected to fuel the market growth of Jio Platforms Limited as well as benefit
Intel Capital.
According to
the report published by TechSci Research, “India Wired Broadband Market By Type (Digital
Subscriber Line (DSL); Coaxial Cable; Fiber to the Home (FTTH)), By Speed (Upto
1 Mbps; 2-8 Mbps; 9-40 Mbps; 40-100 Mbps; Above 100 Mbps), By Application
(Residential; Commercial; Industrial), Competition, Forecast &
Opportunities, 2025”, India
wired broadband market is projected to grow from around US$ 200 million in 2019
to US$ 243 million by 2025. Currently, penetration of wired broadband in the
country is very low, which presents an opportunity for the wired broadband
companies to expand their presence across the country. According to Telecom
Regulatory Authority of India (TRAI), as of March 2019, there were 18.42
million wired broadband subscribers in India compared with around 545 million
wireless broadband subscribers. India broadband market is anticipated to move
towards bundled plans offering unlimited calling, cable TV and OTT. Increasing
applications of ICT services, low transaction costs and increasing connectivity
are further expected to drive the market.
According to
the report published by Techsci Research, “India Internet Leased Line Market By Type (Fibre Leased
Lines, DSL Leased Lines and MPLS Leased Lines), By Application (Residential,
BFSI, Retail, Government, Defence, Manufacturing, IT & Telecom and Others),
By Bandwidth (up to 2Mbps, 2Mbps-50Mbps, 50 Mbps–200 Mbps, 200Mbps-500 Mbps,
and Above 500 Mbps), Competition, Forecast & Opportunities, 2025”, India internet leased
line market is expected to grow at a substantial rate during the forecast
period. India internet leased line market is driven by increasing need for high
speed communication in the enterprises segment. Additionally, associated
advantages such as carrier grade connectivity, high speed, symmetric bandwidth,
multiple link management, among others are further expected to propel the
market during forecast years.