Facebook is set to part with $5.7 billion, or ₹43,574 crore, to become the largest minority shareholder in Indian telco Reliance Jio. The social network said the reason for its investment was to boost ...
It was the largest bet by the social network on the developing market, where millions of people have gone online in recent years. By Mike Isaac and Vindu Goel SAN FRANCISCO — Facebook on Tuesday made ...
Facebook Inc. said it would pay $5.7 billion for just under 10% of Indian telecom operator Jio Platforms Ltd., a massive expansion of the social media giant’s commitment to a promising market where it ...
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 ...
U.S. social media giant Facebook has unveiled a huge investment in Reliance Jio, a company which has been a game changer in India’s telecoms, media and entertainment sectors. The deal gives Facebook a ...
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