Qualcomm, one of the world’s top wireless technology companies in the world, has now become another strategic investor in Jio Platforms like Facebook. Of course, they have only bought 0.15% stake in Jio Platforms for a nominal investment of Rs.730 crore. But this is significant because Qualcomm is one of the key players in 5G protocol in the world.

Qualcomm is an industry leader in wireless technologies, so its investment in Jio Platforms goes a lot beyond the finances infused. Like all the recent stake sales post Facebook, this deal also values Jio Platforms at an equity valuation of Rs.4.90 trillion. Till date, RIL has sold 25.25% stake in Jio Platforms raising a total of Rs.118,318 crore in the process.