Tag: reliance jio
Facebook invests $5.7B in India’s Reliance Jio
Facebook has enjoyed unparalleled reach in India for more than a decade. But as China’s fast-growing ByteDance emerges as a formidable competitor in what has become the world’s second largest internet market, the American giant has found the horse it wants to bet on. Facebook announced today it has invested…
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Facebook in talks to acquire stake in top Indian telco Reliance Jio, report says
Reliance Jio, a three-and-a-half-year-old subsidiary of India’s most valued firm Reliance Industries, may have attracted the attention of an American giant: Facebook. The social conglomerate is in talks to acquire a 10% stake in Indian telecom operator, the Financial Times reported Tuesday. The size of the deal, the paper said,…
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