India's antitrust watchdog has approved Google The planned $ 4.5 billion investment in the nation's largest telecommunications platform, Jio Platforms, was announced in a tweet on Wednesday.
Google announced in July that it would invest US $ 4.5 billion for a 7.73% stake in India's leading telecommunications network. As part of the deal, Google and Jio Platforms plan to work together to develop a customized version of the Android mobile operating system to create affordable entry-level smartphones for the next hundreds of millions of users.
The Indian watchdog, Competition Commission of India (CCI), is said to be interested in reviewing the data-sharing agreement between Google and Jio, Indian newspaper Economic Times reported last month, citing an unidentified source.
Today's announcement comes a few days after the Chamber of Industry and Commerce announced that it has launched an in-depth investigation at Google to verify claims whether the Android manufacturer advertises its payment service while installing an Android smartphone (and whether phone providers have the option of to avoid this this); and when the Google Play Store billing system is designed "to the detriment of both apps, i.e. apps that facilitate payment via UPI, and users".
The call for this in-depth investigation was triggered after the Chamber of Commerce and Industry (IHK) found in its first review that the use of Google Pay to purchase apps or to make in-app payments was an “imposition of unfair and discriminatory conditions, the denial of market access for competing apps, "represents Google Pay and leverage from Google," said the watchdog.
Jio Platforms, which has amassed over 400 million subscribers, raised over $ 20 billion this year from 13 high-profile investors, including Facebook, which alone has invested $ 5.7 billion in the Indian company. This deal was also approved by the Chamber of Commerce. Jio Platforms is a subsidiary of Reliance Industries, India's most valuable company. It is run by Mukesh Ambani, Asia's richest man.