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Qualcomm to invest $97 million in India’s Reliance Jio Platforms – TechCrunch

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Qualcomm to invest $97 million in India’s Reliance Jio Platforms – TechCrunch

Qualcomm has develop into the most recent high-profile backer of four-12 months-outdated Reliance Jio Platforms, which has elevated much more than $15.7 billion in the previous 12 weeks from as a lot of buyers.

On Sunday evening, Qualcomm Ventures reported it will devote $97 million in Reliance Jio Platforms to purchase a .15% fairness stake “on a thoroughly diluted basis” in the leading Indian telecom operator. Qualcomm claimed it will help Jio Platforms “roll out superior 5G infrastructure and companies for Indian prospects.”

Reliance Jio Platforms, which competes with Bharti Airtel and Vodafone Notion in India, has disrupted the Indian telecommunications current market by giving lower-amount voice and knowledge options. It has amassed approximately 400 million subscribers to develop into the best carrier in the world’s second major internet sector in fewer than four decades of its existence.

Its dominance in the Indian telecom operator although preserving an ARPU (typical profits per person) that match those people of its rivals has created Reliance Jio Platforms — a subsidiary of Reliance Industries, India’s most valued agency — an desirable agency for a roster of superior-profile buyers. Facebook, Silver Lake, Standard Atlantic, Intel are some of the corporations that have backed Jio Platforms at the top of a world-wide pandemic. Jio Platforms has marketed 25.24% stake in the agency throughout the interval.

The digital device for Reliance Industries also operates a quantity of electronic companies which includes streaming providers for new music, reside Tv channels, and films and Television set displays. Previously this month, the Indian organization added a new company to its arsenal: A video clip conferencing assistance.

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Steve Mollenkopf, main executive of Qualcomm, reported the firm believes that Reliance Jio Platforms “will deliver a new established of providers and ordeals to Indian consumers” in the foreseeable future.

“With unmatched speeds and emerging use conditions, 5G is expected to transform every single industry in the coming years. Jio Platforms has led the digital revolution in India through its extensive digital and technological capabilities. As an enabler and investor with a longstanding existence in India, we seem forward to playing a role in Jio’s eyesight to even further revolutionize India’s digital economy,” he mentioned in a statement.

Some traders have told TechCrunch in latest months that Reliance Jio Platforms’ owner — India’s richest person, Mukesh Ambani — and his closeness to the ruling political get together in India are also vital to why the electronic unit of Reliance Industries is so beautiful to lots of.

They imagine that shopping for a stake in Jio Platforms would decrease the regulatory load they now face in India. The traders requested anonymity as they did not desire to converse about the political tie ups publicly.

A individual familiar with the make a difference at just one of the 12 companies that has backed Reliance Jio Platforms said that the Indian firm is also attractive as globally organizations are attempting to cut down their reliance and exposure on China.

India, and the U.S., in new months have taken actions to restrict their reliance on Chinese companies. New Delhi past month banned 59 applications and companies which include TikTok that are produced by Chinese companies. Reliance Jio Platforms has curiously still to increase capital from any Chinese trader.

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“Qualcomm has been a valued spouse for various several years and we have a shared eyesight of connecting all the things by making a sturdy and safe wireless and digital network and extending the positive aspects of electronic connectivity to every person in India,” reported Ambani in a assertion Sunday.

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Portuguese tennis player Gonçalo Oliveira in the doubles final of the Lisbon Belém Open

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Portuguese coach praises the development of women's handball after the Iberian duel

Oliveira and Kolar defeated France’s Manuel Guinard and Venezuela’s Luis David Martínez in the semi-finals for first place in the series, in straight sets with partial scores of 6-1 and 6-2 after 58 minutes of play.

In the title match, they will take on the Ukrainian duo of Vladislav Manafov and Oleg Prikhodko, who eliminated Jivan Nedunchezhyan of India and Christopher Rungkat of Indonesia 6-4 and 6-2 in the semi-finals.

For the 27-year-old Portuguese tennis player, this will be his 31st doubles final at the ATP Challenger Tour and third at the Lisboa Belém Open after reaching the final in 2017 with compatriot Frederico Gil and champion in 2020 with Dominican Roberto Cid Subervi.

In singles, Italian Marco Cecchinato, semi-finalist of Roland Garros in 2018, beat Spaniard Carlos Taberner 7-6 (7-2) and 6-4, scheduling a meeting in the semi-final with the “Reserve” Kazakh Timofey Skatov, responsible for eliminating Frenchman Benoit Pera, in three matches, with a score of 6-4, 2-6 and 7-5.

The other semi-final of the Lisbon tournament will be discussed between Austrian Filip Mizolich, who defeated Giulio Zeppieri 6-4 today, and Frenchman Luca van Assche, the executioner of compatriot Alexander Müller, who finished seventh. parts 6-4 and 7-5.

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Portuguese fund CA Património Crescente wins European award for highest return – Imobiliário

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Portuguese fund CA Património Crescente wins European award for highest return - Imobiliário

Open-ended real estate investment fund CA Património Crescente has once again received the MSCI European Property Investment Awards in the Diversified Portfolio category for 2021.

This is the 12th time that the Portuguese fund, established in 2005, has received this award, which distinguishes the national real estate portfolio with the best return. In 2021, CA Património Crescente’s real estate portfolio returned 7.8%, compared to 6.3% in the benchmark.

The largest share of real estate income was received through shopping centers and offices: 8.7% and 8.6% respectively, according to the Portuguese fund Negócios, which at the end of August had a portfolio of 141 assets worth 1,031 million euros.

CA Património Crescente is one of the six funds managed by Square Asset Management, with Grupo Crédito Agrícola being the custodian bank and responsible for its marketing and investments mainly in real estate destined for trade, offices, services, industry, logistics or hotels.

The CA Património Crescente fund returned an annualized return of 5.1% in April, which declined slightly to 4.23% after two years, rising to 4.72% after three years and 4.74% after five years. . The average ten-year yield was 3.95%.

Square AM was also once again awarded by Euromoney, which recognizes major leaders in real estate financial products and services, as the “Best Investment Manager” of 2022.

Square AM has been on the market for 17 years and is one of the largest real estate fund managers in Portugal with €1.3 billion in assets and over 25,000 investors.

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Benfica announces a partnership with Portuguese driver Miguel Santiago.

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Benfica announces a partnership with Portuguese driver Miguel Santiago.



Young competes at the National Speed ​​Championship and the FIM GP Junior World Championship.

Benfica have announced a partnership with driver Miguel Santiago, a Portuguese driver who works in the National Speed ​​Championship and the FIM Junior World Championship. Santi, who started taking his first steps in motorsport in 2016, was pleased with someone during the presentation. “The dream has come true! When I was little, before riding motorcycles, I played football, went to Benfica’s school in Mafra, I always dreamed of becoming a Benfica athlete. I never thought! A few years ago, if you had asked me, I would have said no, I believed that one day I would be here, it is a great pride. I have no words. I just hope to reach the goals, glorify the club. I have the race, the desire and the ambition.” , repeated the 18-year-old BTV pilot.

Miguel Santiago is thinking about becoming the queen of motorcycle racing.

“In recent years, the FIM Junior GP has attracted many riders to the Moto GP where 20 out of 24 riders [que participam] come from this contest. Participation in Moto GP is considered the greatest school of prodigies, I am proud to be there and so close to the level of Moto GP,” he said.

Flavio Miguel Silva


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