CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following US based companies buys 1.15% stake in Jio Platforms for Rs 5, 656 cr?
A
Silver Lake
B
Apple
C
Walmart
D
General Motors
Explanation: 

Detailed explanation-1: -The deal gives Jio Platforms an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore, Reliance Industries said in a release. Qualcomm Ventures joins a long list of investors bullish on Jio Platforms, including internet major Facebook.

Detailed explanation-2: -Amazon may join its global rivals Google and Facebook in backing one of Indian billionaire Mukesh Ambani’s ventures.

Detailed explanation-3: -Reliance Jio also partnered with several OSS (Operations Support Systems) & BSS (Business Support System) companies for the deployment of services, like: SAP, HP, IBM, Ericsson, Rancore, Estel Technologies, Subex and Intec Telecom Systems. However, the finalized OSS firms were Ericsson, HP and Friendly Technologies.

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