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Intel Capital invests INR 1894.5 crore in Jio Platforms

Intel Capital invests in Jio Platforms

Intel Capital has invested in Jio platforms, taking the total investment amount to INR 117,588.45 crore in Jio Platforms

India:  Intel Capital, a division of Intel Corporation, which manages mergers and acquisitions, corporate venture capital, global investments and other financials, has recently invested INR 1894.5 crore in Jio Platforms Limited, which is a subsidiary of Reliance Industries Limited and a well-recognized Indian digital services company.

The investment will be made at 0.39% equity stake in Jio Platforms, which accounts for INR 4.91 lakh crore. The enterprise value of this investment is INR 5.16 lakh crore. This is the twelfth investment that has been made in Jio Platforms since April 22nd, 2020, which has raised the total investment amount of the firm to INR 117,588.45 crore.

The chief managing director of Reliance Industries said, “We are extremely delighted to deepen our ties with technology leaders that embody our vision of transforming India into a leading Digital Society in the world. Intel is a true industry leader, working towards creating world-changing technology and innovations. Intel Capital has an outstanding record of being a valuable partner for leading technology companies globally. We are therefore excited to work together with Intel to advance India’s capabilities in cutting-edge technologies that will empower all sectors of our economy and improve the quality of life of 1.3 billion Indians,"

According to TechSci Research, this investment made by Intel Capital in Jio Platforms is expected to render positive results as Jio has more than 388 million subscribers all over the country. Catering to such a large population of subscribers by providing new schemes with the assistance of invested funds is expected to generate a huge profit for the company. Jio Platforms Limited operates in multiple fields and spans across broadband connectivity, cloud computing, edge computing, smart devices, big data analytics, internet of things, artificial intelligence, blockchain, and many other services. Thus, utilization of this investment for such a vast horizon of applications is expected to fuel the market growth of Jio Platforms Limited as well as benefit Intel Capital.


According to the report published by TechSci Research, “India Wired Broadband Market By Type (Digital Subscriber Line (DSL); Coaxial Cable; Fiber to the Home (FTTH)), By Speed (Upto 1 Mbps; 2-8 Mbps; 9-40 Mbps; 40-100 Mbps; Above 100 Mbps), By Application (Residential; Commercial; Industrial), Competition, Forecast & Opportunities, 2025”, India wired broadband market is projected to grow from around US$ 200 million in 2019 to US$ 243 million by 2025. Currently, penetration of wired broadband in the country is very low, which presents an opportunity for the wired broadband companies to expand their presence across the country. According to Telecom Regulatory Authority of India (TRAI), as of March 2019, there were 18.42 million wired broadband subscribers in India compared with around 545 million wireless broadband subscribers. India broadband market is anticipated to move towards bundled plans offering unlimited calling, cable TV and OTT. Increasing applications of ICT services, low transaction costs and increasing connectivity are further expected to drive the market.


According to the report published by Techsci Research, “India Internet Leased Line Market By Type (Fibre Leased Lines, DSL Leased Lines and MPLS Leased Lines), By Application (Residential, BFSI, Retail, Government, Defence, Manufacturing, IT & Telecom and Others), By Bandwidth (up to 2Mbps, 2Mbps-50Mbps, 50 Mbps–200 Mbps, 200Mbps-500 Mbps, and Above 500 Mbps), Competition, Forecast & Opportunities, 2025”, India internet leased line market is expected to grow at a substantial rate during the forecast period. India internet leased line market is driven by increasing need for high speed communication in the enterprises segment. Additionally, associated advantages such as carrier grade connectivity, high speed, symmetric bandwidth, multiple link management, among others are further expected to propel the market during forecast years.

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