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Intel to invest $253.5 million in India’s Reliance Jio Platforms

Mimi Sabreena 12:29:00 PM Business

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Intel said on Friday it will invest $253.5 million in Jio Platforms, joining a roster of high-profile investors including Facebook and Silver Lake that have backed India’s top telecom operator in recent months. The American chipmaker’s investment arm said it is acquiring a 0.39% stake in Jio Platforms, giving the Indian firm a valuation of …

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