boost

Reliance’s digital unit wins Qualcomm backing in boost to 5G plans

FILE PHOTO: Commuters are reflected on an advertisement of Reliance Industries’ Jio telecoms unit, at a bus stop in Mumbai, India, February 21, 2017. REUTERS/Shailesh Andrade/File Photo

NEW DELHI (Reuters) – India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees ($97.1 million).

The partnership will help Jio Platforms, the unit that houses Reliance’s telecoms venture Jio Infocomm, to “roll out advanced 5G infrastructure and services for Indian customers”, Reliance said in a statement.

Qualcomm’s move comes at a time India is preparing to auction 5G airwaves to telecoms service providers.

With this new investment, Reliance has sold a 25.2% stake in Jio Platforms to investors in a funding spree that began late April, raising $15.69 billion.

Although Jio Platforms also comprises Reliance’s music and movie apps, Jio Infocomm – the mobile carrier – is

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EU regulators checking if Fitbit deal will boost Google’s clout

BRUSSELS (Reuters) – EU regulators are checking whether Google’s purchase of Fitbit might allow it to drive rival makers of wearable devices, app developers and other online service providers out of the market, and boost its dominance in online advertising and search.

FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Google logo in this illustration picture taken, November 8, 2019. REUTERS/Dado Ruvic/File Photo

Healthcare providers are also being asked whether they would see Google as a rival if it is allowed to buy the fitness tracker company in a $2.1 billion deal criticised by privacy and consumer groups, according to EU documents seen by Reuters.

The EU queries underscore the importance of Fitbit’s (FIT.N) trove of health data generated from its devices, which are used to monitor users’ daily steps, calories burned and distance travelled, and how this could further extend Alphabet Inc-owned (

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EU sets out rules for 5G small antennas in boost for data capacity

BRUSSELS (Reuters) – The European Commission on Tuesday took another step towards accelerating up the rollout of high speed 5G across the European Union by adopting rules for small antennas, which are key to expanding data capacity and coverage.

The 27-country bloc is looking to 5G wireless technology to help it to bounce back from the coronavirus crisis and compete more effectively with the United States and China.

Small antennas are seen as the last mile of 5G networks and of key importance for urban areas, transport systems and manufacturing plants as they can carry higher data volumes and are closer to customers. They are also more cost effective than big towers.

“5G wireless networks represent a pillar of socio-economic development for Europe as they will enable new services in health and care, energy, transport, education and many other areas,” EU industry chief Thierry Breton said.

The new rules set

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Oil major ConocoPhillips deploys low-code tech to boost bottom line

LONDON (Reuters) – ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on Tuesday.

Mendix, owned by German technology firm Siemens, allows companies to create in-house systems without hiring outside developers as minimal or no coding knowledge is required.

“It can be used by a rig manager in the middle of the ocean to someone in HR,” Jon Scolamiero, Mendix’s manager of architecture and governance of product marketing, said.

Low-code platforms are an accelerating trend as companies digitise globally, big tech is developing new systems and the impact of COVID-19 increases the focus on cost-cutting.

Amazon launched a platform called Honeycode last week and Google bought AppSheet in January to replace an older system. Microsoft’s Power App has existed for several years. Portugal’s biggest

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