The American company, Google, plans to develop a new cheap Android phone in partnership with the Indian Geo, which could attract millions of Indians to smartphones.
According to ArabiaNet, CEO of Gojsandar Pichai said that anyone should have an internet connection. Proud to partner with Reliance's GEO to increase the reach of hundreds of millions in India without a smartphone, with our first investment of $ 4.5 billion via the Digitization Fund (GoogleNow India). The size of the fund Google has allocated for investment in India is 10 billion dollars.
Reliance, the Indian company, will buy 7.7% of its digital unit for $ 4.5 billion, to win the support of another US tech giant after it won Facebook support in Late April.
“With Google’s investment, Google and strategic investors have pledged a total of 1.52,” Reliance Chairman and Millionaire Mukesh Ambani said during the company's annual shareholders ’meeting, which took place online. Trillion rupees ($ 20.22 billion) in the past few months.
The company has won many investments by international companies, including Facebook, the Silver Lake Investment Fund, and Mubadala Investment Company.
Ambani had fulfilled his promise to the shareholders of Reliance Industries to cover all the company’s debts and 8 months before the deadline by selling a 25% stake in the Geo platform. >
(Amazon fun of knowledge)
