At the company's 44th Annual General Meeting (AGM) today, Reliance made several key announcements regarding their new developments. First up, it announced the much-awaited "JioPhone Next" developed in partnership with Google. The company hasn't announced its pricing yet but hinted that it would be one of the most affordable smartphones globally.
JioPhone Next will be powered by an extremely optimized version of the Android Operating System that has jointly been developed by JIO and Google, especially for the Indian market. It will be packed with cutting-edge features like the voice assistant, automatic read-aloud of screen text, language translation, smart camera with augmented reality filters, and much more. The partnership is a part of Google's proposed investment of $4.5 billion in Jio Platforms for a 7.73% stake.
Google chief Sundar Pichai further announced a new 5G partnership between Google Cloud and Jio that seeks to aid more than a billion Indians connect to faster internet, support businesses in digital transformation, and lay the foundation for the next phase of India's digitization.
Jio aims to make India'2G-mukt' or '2G-free' technology by upgrading India's 2G-based feature phone users to 4G smartphones. Jio has become the first telecom operator to surpass 400 million subscribers in a single country outside China. Further, Ambani said that the Indian economy would bounce back at a rate that will surprise the world. Interestingly, Jio has been able to grow in the pandemic too and made several collaborations worldwide to increase its revenue.
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