Limited chairman and managing director Mukesh D Ambani at the 43rd Annual General Meeting announced that Reliance
has partnered with
to introduce an Android-based operating system for affordable smartphones. After providing affordable 4G handsets in the form of the
powered by KaiOS, Jio is now looking forward to introducing affordable 5G phones as well.
Jio Platforms and Google have also entered into a commercial agreement to jointly develop an entry level affordable smartphone with optimizations to the
operating system and the Play Store.
“JioPhone continues to be the world’s most affordable 4G phone...we have sold 100 million JioPhone handsets till date, there are many feature phone users who are waiting to upgrade to a conventional smartphone, if only it was somehow more affordable,” said Ambani. The company claims that there are 350 million feature phone users still in India.
“We believe we can design an entry level 4G or even a 5G smartphone for a fraction of its current cost. But to power such a value engineered smartphone we also need an equally value engineered smartphone operating system. Google and Jio are partnering to build an Android-based smartphone operating system,” he said.
“As India is standing at the doorstep of the 5G era, we should accelerate the migration of current 2G feature phone users to an affordable smartphone...Jio is determined to make India 2G-mukht,” it added.
Meanwhile, Google has announced that it is investing Rs 33,737 crore in Jio Platforms. This investment by Google values Jio Platforms at an equity value of ₹ 4.36 lakh crore. Google’s investment will translate into a 7.73% equity stake in Jio Platforms on a fully diluted basis.