Mukesh Ambani-owned Reliance Retail has bought a 16% stake for around $7 million, in KaiOS Technologies (KTI), the US-based company which provides operating system for JioPhone. Reliance Retail paid around $3.6 for each of 19,04,781 common shares. KTI is an early stage revenue company, with turnover of $ 9.25 million in 2017 and $ 2.5 million in 2016. KTI's flagship product 'KaiOS' originates from the Firefox open-source project, and enable mobile and IoT devices. The mobile devices are positioned between smartphones and feature phones. According to Reliance, this investment “has potential synergies” with its current investments in affordable digital devices business and its digital services initiatives. Apart from Jio in India, KaiOS powers phones in Canada and USA through partnerships with Sprint, AT&T and T-Mobile. In total, over 30 million people are already using devices running KaiOS, according to the…
- Attend Our Briefing: Impact Of The Competition Bill On Startups August 18, 2022
- TLDR: Assam internet block, India G24, TikTok, Twitter, Big Tech, drones for healthcare, more August 18, 2022
- How Google’s location tracking led to a $42 million penalty in Australia August 17, 2022
- MeitY’s Digital India Act due in Winter Session, says report: OTT, metaverse in ambit August 17, 2022
- Vauld comes under ED scanner after the agency freezes assets worth Rs 367 crore August 17, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...