India's richest man announced the successful development of domestic 5G, which may be deployed in 2021

eric_wang

India's richest man announced the successful development of domestic 5G, which may be deployed in 2021 [Copy link]

According to foreign media reports, Mukesh Ambani, chairman of Reliance Industries, confirmed that engineers from the company's Jio Platforms will design and develop a complete 5G system that will be built entirely in India.

Ambani also said that Jio Platforms' 5G system will be ready for testing as early as possible, and it can be tested as soon as the spectrum is available, and it is possible to deploy it on the spot in 2021. Ambani said at the company's annual meeting: "Jio designs and develops a complete 5G solution, built from scratch. In this way, we can launch world-class 5G services in India, using technologies and solutions that are 100% from India."
　　

According to Ambani, once 5G equipment is proven in India, Jio Platforms can export the system abroad for use by global operators. It is estimated that India will auction spectrum next year to pave the way for 5G. The spectrum auction was originally scheduled for 2020, but due to the financial health of the entire industry and the government's concerns that the reserve price was too high, India postponed the auction.
　　

On July 15, Reliance Industries and Jio Platforms announced that Google has pledged to invest $4.5 billion in Jio Platforms. After the investment, Google acquired approximately 7.73% of Jio Platforms' shares. A few days before Google's investment, Qualcomm also pledged to invest $97.1 million in Jio Platforms and acquire 0.15% of the shares. Qualcomm's purpose is to support Jio Platforms in launching 5G services in India.

maychang

4.5 billion US dollars accounts for about 7.73% of the shares, so the total shares are 45*10^8/0.0773=582*10^8, or 58.2 billion US dollars.

PowerAnts

Intellectual property can account for up to 100% of the company's total investment. In other words, a very good project can be valued at $990 billion, and an investor's investment of $10 billion only accounts for 1% of the company's shares.

More than a decade ago, shareholders of mainland companies could contribute up to 20% of their capital in the form of intellectual property rights. A few years ago, the maximum was 70%. Now, 100% is allowed.

freebsder

It must be polished Huawei. No suspense at all.

chunyang

Reliance Industries is the largest private company in India in terms of total assets. Its 2019 financial report shows that its total assets are more than 140 billion US dollars, ranking 106th in the Fortune Global 500 by revenue. Reliance's main businesses include energy, finance, biology, telecommunications, etc. Its boss is the richest man in Asia and ranks 17th in the world. In March and April this year, due to the sharp drop in oil prices, the net worth of Reliance's boss briefly fell to second in Asia, behind Jack Ma. Reliance Jio is a telecommunications company under Reliance. It was established just over three years ago and ranks first among Indian telecom operators. It has recently received about 20 billion US dollars in investment from Facebook, Google, Qualcomm, Intel, etc. Its valuation has exceeded 60 billion US dollars. It is said that Microsoft also plans to invest 2 billion US dollars.

In comparison, Huawei's 2019 annual report shows that its total assets are more than 120 billion US dollars, and its revenue capacity ranks 61st among the top 500. ZTE's total assets in the same period were about 20 billion US dollars, and it was not ranked in the top 500.

India should not be underestimated, but should be taken seriously. Although China is no longer the China of the past, India is no longer the India of the past.

led2015

India is no longer the image we knew in the news in the past. Now India has become a powerful country.

led2015

chunyang published on 2020-7-20 14:45 Reliance Industries is the largest private enterprise in India in terms of total assets. Its 2019 financial report shows that its total assets are more than 140 billion US dollars. In terms of operating income...

It can be seen that the gap between the rich and the poor in India is the same as that in China. So much money cannot change the public security in India.