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Google invests in Indian internet giant Jio and plans new ‘affordable’ smartphone

Illustration: Alex Castro / The Verge Google is investing $4.5 billion for a 7.73 percent stake in Jio Platforms, an Indian internet giant that offers broadband, mobile services, and online commerce platforms, the company announced today. The investment, which is pending regulatory review, is part of Google’s commitment to invest around $10 billion in India

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