Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

INTEL CORPORATION

(INTC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Google says in cloud partnership with India's Jio in boost to 5G plans

06/24/2021 | 05:47am EDT
A woman rides her scooter past advertisements of Reliance Industries' Jio telecoms unit, in Ahmedabad

NEW DELHI, June 24 (Reuters) - Alphabet Inc's Google is forging a cloud partnership with India's Reliance Jio Infocomm Ltd, helping the country's biggest wireless carrier with tech solutions for its enterprise and consumer offerings as it plans to launch 5G services.

The tie-up lends Jio the expertise of a global tech giant as it expands digital services to small and medium businesses as well as hundreds of millions of individual customers. And it gives Google the unmatched scale of Reliance whose new-age businesses range from telecoms to e-commerce.

Jio is part of tycoon billionaire Mukesh Ambani's oil-to-retail conglomerate Reliance Industries.

"It's a broad partnership, it involves multiple pieces of Alphabet working together," Thomas Kurian, Chief Executive Officer at Google Cloud, told Reuters in an interview ahead of Reliance's annual shareholders meeting on Thursday.

"Our own partnership spans multiple parts of Jio not just the communications business... but also health, retail and other things. And it allows us to bring our technology to many consumers in India in a broad-scale basis as well as to many businesses that are served by Reliance."

While Google is working with other telecoms firms on 5G around the world, the scale of the Jio-Google cloud partnership is among the biggest for the California-headquartered company globally, said Kurian.

He declined to share the terms of the cloud contract with Jio.

Jio established a 10-year alliance with Microsoft Corp in 2019, aiming to build data centres across India that will be hosted on Azure cloud in a bid to offer services to the country's booming start-up economy.

Jio disrupted India's telecoms market in 2016 when it launched with cut-price data plans and free voice services. It forced several competitors out of the market and is now India's biggest mobile carrier with more than 422 million customers.

Google last year invested $4.5 billion in Jio's parent Jio Platforms, a move that landed the U.S. tech giant a rare board seat alongside rival Facebook which has also pumped $5.7 billion into the digital unit.

Ambani has previously said Jio, which also counts Qualcomm Inc and Intel Corp among its backers, would "pioneer the 5G revolution" in India in 2021. (Reporting by Sankalp Phartiyal; Editing by Kim Coghill)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.58% 2712.6 Delayed Quote.53.89%
FACEBOOK INC -0.20% 351.24 Delayed Quote.28.58%
INTEL CORPORATION 0.71% 54.06 Delayed Quote.8.51%
MICROSOFT CORPORATION 0.81% 287.12 Delayed Quote.29.09%
QUALCOMM, INC. -0.61% 147.95 Delayed Quote.-2.88%
RELIANCE INDUSTRIES LTD 0.77% 2103.75 Delayed Quote.5.16%
All news about INTEL CORPORATION
06:08aBig strategic decisions await Samsung's Lee as momentum builds for his parole
RE
08/03INSIDER TRENDS : Insider at Intel Converts/Exercises Derivative Security, Sells ..
MT
08/03INSIDER TRENDS : Insider at Intel Acquires Stock Via Conversion of Option/Deriva..
MT
08/03INSIDER TRENDS : Intel Insider Converts/Exercises Derivative Security, Sells for..
MT
08/03INTEL : Launches AI for Workforce Program for Students in 18 Community Colleges
BU
08/03Infineon CEO warms to idea of TSMC plant in Germany
RE
08/03China regulator targets auto chip distributors with price-gouging probe
RE
08/03China regulator targets auto chip distributors with price-gouging probe
RE
08/02Google to launch own processor for upcoming Pixel phones
RE
08/02Google to launch own processor for upcoming Pixel phones
RE
More news
Financials (USD)
Sales 2021 73 743 M - -
Net income 2021 16 856 M - -
Net Debt 2021 11 352 M - -
P/E ratio 2021 13,2x
Yield 2021 2,56%
Capitalization 219 B 219 B -
EV / Sales 2021 3,13x
EV / Sales 2022 3,13x
Nbr of Employees 110 600
Free-Float 99,9%
Chart INTEL CORPORATION
Duration : Period :
Intel Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INTEL CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 48
Last Close Price 54,06 $
Average target price 63,03 $
Spread / Average Target 16,6%
EPS Revisions
Managers and Directors
Patrick P. Gelsinger Chief Executive Officer & Director
George S. Davis Chief Financial Officer & Executive Vice President
Omar S. Ishrak Independent Chairman
Daniel J. McKeon Vice President-Information Technology Group
Ann B. Kelleher Senior Vice President & GM-Technology Development
Sector and Competitors
1st jan.Capi. (M$)
INTEL CORPORATION8.51%219 321
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED12.08%551 394
NVIDIA CORPORATION51.78%493 790
BROADCOM INC.11.18%199 711
TEXAS INSTRUMENTS16.20%174 801
QUALCOMM, INC.-2.88%166 888