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Posts tagged with "telecom"

Market

SoftBank Posts $12 Billion Profit in First Quarter of 2020

August 12th, 2020

SoftBank reported a first-quarter profit of 1.2 trillion yen (USD 11.8 billion), up from 1.1 trillion yen in the previous fiscal year.

INDIA

End of Huawei's 5G Journey in India? Reliance Jio Launch Made in India 5G solution

July 15th, 2020

At Reliance 43rd AGM, Mukesh Ambani said Jio has designed and developed a complete 5G solution from scratch and it will be available next year.

FUNDING

Google invests $4.5 billion for 7.7% stake in Jio platforms

July 15th, 2020

Google is acquiring 7.7% of India's fastest-growing internet company Reliance jIo for $4.5 billion.

News

UK bans Huawei from 5G Network

July 14th, 2020

UK government banned Huawei from its 5G telecom network and will remove its all 5G components till 2027.

ACQUISITION

Qualcomm acquires 0.15% stake in Jio for $97 million

July 13th, 2020

India's leading telecom company Reliance Jio raises $97 million from wireless technology leader Qualcomm.

FUNDING

TPG picks 0.93 pc stake in Jio Platforms for $600 Million

June 13th, 2020

TPG will invest $600 million in Reliance Jio Platforms at an enterprise value of $65 billion.

ACQUISITION

Silver Lake & Co acquire additional 0.9% Stake in Reliance Jio

June 7th, 2020

Equity fund Silver Lake & Co invest additional $601.40 million Reliance Jio.

ACQUISITION

Abu Dhabi based Mubadala acquire 1.85% stake in Reliance Jio

June 5th, 2020

Reliance Jio raises $1.2 billion from Abu Dhabi state fund Mubadala Investment Co for 1.85% stake.

FUNDING

Abu Dhabi state fund in talks to invest $1 bn in Jio Platforms: Report

May 29th, 2020

Mubadala Investment Company is in talks to invest about $1 billion in Reliance Jio platforms.

ACQUISITION

Reliance Jio 5th deal, sells 2.32 pc for $1.5 billion to KKR

May 22nd, 2020

Private equity giant KKR will invest $1.5 billion for a 2.32 percent stake in the Reliance Jio.

BUSINESS

Nokia profit up; Sales dip due to Covid19

April 30th, 2020

Nokia has reported first-quarter profit but said the COVID-19 pandemic dented sales.

ACQUISITION

Facebook buys Reliance Jio 9.9% Stake for $5.7 billion

April 22nd, 2020

Social media giant Facebook acquires 9.9% stake in Reliance Jio USD 5.7 billion.

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