The company earlier this year lost the crown as the world's most valuable company to Microsoft
India's Reliance Jio to roll out 100 million low-cost phones by December
Reliance Industries Ltd’s (RELI.NS) telecom unit is looking to outsource the manufacturing of over 100 million low-cost smartphones that will be built on Google’s Android platform, India’s Business Standard newspaper reported, citing sources.
Published : 9 Sept 2020, 08:48 AM
Updated : 9 Sept 2020, 08:48 AM
The phones, which will be bundled with data packs, could be launched in December 2020 or early next year, the newspaper reported on Wednesday.
Reliance, India’s most highly-valued company, in July said Alphabet Inc’s (GOOGL.O) Google will invest $4.5 billion in its digital unit.
Billionaire Mukesh Ambani, who controls Reliance, in July said that Google would build an Android operating system (OS) to power a low-cost “4G or even 5G” smartphone that Reliance would design.
Reliance has sold nearly 33% of its digital arm, Jio Platforms, to raise 1.52 trillion rupees ($20.22 billion) and has won the backing of global financial and tech investors including, Facebook Inc (FB.O), Intel (INTC.O) and Qualcomm (QCOM.O).
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