Home › Facebook commits to India with $5.7bn stake in Reliance Jio
 

Keywords :   


Facebook commits to India with $5.7bn stake in Reliance Jio

2020-04-22 02:00:00| Total Telecom industry news

Facebook have announced today that they have purchased a 10% stake in Indian operator Reliance Jio for the sum of $5.7 billion. The deal was first hinted at last month, but talks had been reportedly delayed due to the coronavirus. However, while the virus shows no signs of slowing in India, it seems that business must go on. The move represents Facebook&rsquo…read more on TotalTele.com »

Tags: india reliance facebook stake

Category:Telecommunications

Latest from this category

All news
12.03Reengineering Enterprise AI From Infrastructure to Agents
09.03Make Your Azure Data Platform AI-Ready
04.03Your AI Agents Are Only As Smart As Your Data Infrastructure
Telecommunications »
16.03Ukraine's urgent fight on the financial frontline
16.03Starmer to set out support plan for heating oil costs
16.03Starmer to set out support plan for heating oil costs
15.03UK looking at all options to secure Strait of Hormuz, says Miliband
15.03We will intervene on energy bills if necessary, says Miliband
15.03Banknotes, beavers and a very British backlash
15.03Banknotes, beavers and a very British backlash
15.03'Gruesome' war bets fuel calls for crackdown on prediction markets
More »