Deal Street

July 13, 2020

Trilegal & AZB & Partners On US$ 100 Million Investment Of Qualcomm Ventures In Jio Platforms Limited

[ by Legal Era News Network ]


Trilegal advised Qualcomm Ventures (Qualcomm) on its proposed US$ 100 million investment into Jio Platforms Limited (Jio Platforms).

Qualcomm is the world’s leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G. With more than $62 billion in cumulative research and development spend, 35 years of innovation and over 140,000 patents and patent applications, Qualcomm is committed to fueling innovation and fostering Indian technology advancement. Qualcomm Ventures is a global fund that invests in pioneering companies across the wireless ecosystem. Qualcomm Ventures invests in innovative technology companies that have the potential to dramatically transform the world. In India, Qualcomm Ventures has invested in companies that address key domestic issues from Dairy, Transportation to Defense, and build world class products for India and the world market.

Jio Platforms is a majority subsidiary of Reliance Industries Limited. Jio Platforms along with its subsidiaries primarily offers / will offer digital products / services (mostly infotainment services), including wireless, home broadband and enterprise broadband services, telecommunication services, mobile applications, various digital platform, back-end technology services for e-commerce entities and other miscellaneous software and technology related services. Reliance Jio Infocomm Limited, which provides connectivity platforms for telecommunication services, is a wholly-owned subsidiary of Jio Platforms. It is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers. Jio Platforms has made significant investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain.

Trilegal advised Qualcomm on its investment into Jio Platforms. The corporate team was led by Sridhar Gorthi and Kunal Chandra, Partners; assisted by Kabeer Mathur, Counsel, Rajesh Modani, Principal Consultant, Aditi Jain and Shraddha Jha, Senior Associates and Chandni Ochani, Associate.

Technology law aspects of the deal were led by Rahul Matthan, Partner; assisted by Jyotsna Jayaram, Counsel, Divyanshu D, Stuti Shah and Shreya Ramann, Associates.

The competition law aspects of the deal were led by Nisha Kaur Uberoi, Partner & National Head – Competition Law; assisted by Shravani Shekhar, Counsel, Harshita Singh Parmar, Senior Associate; Sarthak Pande and Vayshnavi Ganesh, Associates.

Jio Platforms was represented by the AZB team comprising Ashwath Rau, Nilanjana Singh and Bharat Budholia. Davis Polk & Wardwell acted as international legal counsel for Jio Platforms on this deal.

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