It is worth noting that Mukeshs fortune has soared by $22.3 billion this year, up $3.5 billion last week alone.
Mukeshs fortune has soared by $22.3 billion this year, according to the worlds top billionaires list. (photo source: Peng Bo)
It all started in April, when geoplatforms, a telecoms company owned by Mukeshs reliance industries, reached a strategic partnership agreement with Zuckerbergs Facebook and agreed to buy about 10% of the company.
Since then, jioplatforms has been open all the way, obtaining 13 financing in one breath, with a total amount of US $20 billion.
Google, the U.S. search engine giant, is the leading investor in the financing, promising to invest 337 billion rupees (about 4.5 billion U.S. dollars) in jioplatforms platform, and will acquire 7.73% of its shares.
Other investors in jiuplatforms should not be underestimated, including chip giant Qualcomm, Silverlake, Vista equity partners, general Atlantic, KKR, sovereign wealth fund mubarada investment company and Abu Dhabi Investment Authority.
At the same time, the market value of reliance Jie exceeded $150 billion in early July. Some Indian analysts have pointed out that, for example, the listing of the jiuplatform will have a valuation of at least US $100 billion.
According to the statistics of c114 (China communication network), jioplatforms has received 13 financing since April 2020. (photo source: c114)
Why do tech giants choose geoplatforms?
Some media analysts believe that one of the important reasons for the Indian governments recent groundless crackdown on Chinese enterprises is that jioplatforms has not cooperated with Chinese equipment manufacturers. Some foreign media even said, forming an alliance with Mukesh Ambani is like paying for political risk insurance.
Another reason is that in less than four years, jioplatforms has become the largest telecom enterprise in Indias wireless subscription business, with nearly 400 million users.
In addition, jioplatforms has set up a complete set of telecom services with the help of the power of the major giants from the aspects of terminal equipment, communication network and application service.
On the communication network, jioplatforms has chosen to establish a partnership with Samsung, Cisco and other foreign equipment manufacturers, which will escort them in technology. At the same time, the acquisition of infotel broadband services, a mobile broadband service company, for about US $700 million has made infotel the only company in India to win 22 spectrum licenses nationwide.
In terms of application services, jieplatforms intends to continue to attack the b-end market with free moves. At the 42nd Annual Shareholders meeting in 2019, Mukesh announced that he had signed a 10-year cloud partnership with Microsoft, the worlds second-largest cloud computing business, and said he would let start-ups use connectivity and cloud infrastructure free of charge..
After becoming the worlds third-largest network operator by leaps and bounds, jioplatforms also plans to build its own mobile Internet Ecosystem and build a super digital economic hybrid that goes deep into the public life of India.
Bantus of reliance. (source: finshots)
The killer under the protection of the government?
In addition to his wealth soaring, Mukesh recently announced at the annual shareholders meeting of reliance that jioplatforms had independently developed complete 5g solution from scratch, and said that after the scheme was deployed in India in 2021, it would also export supplies to other operators around the world.
Mukesh also said the 5g solution was a gift to Prime Minister modis vision of made in India..
Time finance contacted jioplatforms through multiple channels to try to understand the progress of its 5g project, but no reply was received as of the time of publication.
Liu Hong, CTO of Greater China region of GSMA (global mobile communication system Association), said in an interview with time finance that 5g solution has no clear general definition in the industry. Generally, solutions for operators, terminals or vertical industry customers can be called 5g solutions.
Chen Guohua (pseudonym), an information and communication technology expert, believes that with the current strength of jiuplatforms, it should provide hardware solutions such as mobile phones or base station network terminals. The leading companies in the communication industry should have at least decades of technological precipitation, and can not emerge out of thin air.
It is worth noting that the company has only officially launched commercial communications services since 2016, prior to which Reliance Industries was known for producing and selling oil. The worlds top five heavyweight equipment manufacturers, such as Nokia and Ericsson, were founded in the 1980s, while Huawei, ZTE and Samsung were founded in the 1990s.
An employee of a Chinese company who has worked in the field of information and communication in India for five years told a time finance reporter in late July that although jiuplatforms has established a local R & D center in India, it is estimated that it does not have the ability to independently build 5g macro base station in terms of the parameter configuration (emission capacity and launch capacity) of the 4G macro base station
At that time, including chips and optical fiber tubes in integrated circuits, all of which need to be purchased from outside. in his opinion, its like building a car and buying a bunch of spare parts from the outside.
At present, no one knows the real 5g R & D strength of jioplatforms - India has not formally tested 5g business. Whether the car can run or not and whether the emission meets the standard still need to be verified Xie Fei said so.
Huawei ranks first in the number of 5g patents, according to statista. (photo source: statista) it is worth noting that local media reports in India say that Huawei and ZTE in China have not yet received 5g test spectrum allocated by the Indian telecom sector. Perhaps thanks to the competitiveness formed under the patronage of the Indian government, news18, a news agency under Reliance Industries, even touted geoplatforms as a Huawei killer. But Huawei has already ranked first in the world in terms of 5g patents, according to statista. A number of industry insiders have told time finance that at this stage, other enterprises want to bypass Huawei and develop 5g from scratch very unlikely. Source: time finance editor: Wang Xiaowu_ NF
Huawei ranks first in the number of 5g patents, according to statista. (source: statista)
It is worth noting that local media in India reported that Huawei and ZTE of China have not yet obtained 5g test spectrum allocated by Indian telecom department.
Perhaps thanks to the competitiveness formed under the patronage of the Indian government, news18, a news agency under Reliance Industries, even touted geoplatforms as a Huawei killer.
But Huawei has already ranked first in the world in terms of 5g patents, according to statista. A number of industry insiders have told time finance that at this stage, other enterprises want to bypass Huawei and develop 5g from scratch very unlikely.