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
28.02Fostering Leadership with the Fanatical Leadership Academy at Rackspace University
Telecommunications »
14.03UK economy shrank unexpectedly in January
14.03Car sharing switches to electric to boost appeal
14.03Exclusive: Every McDonald's in Britain warned of legal action over failing to tackle staff sex abuse
13.03Continental Refining Company targets Southeastern feed mills for cattle-formulated UltraBlend Soymeal
13.03Glenn Laursen Brinkman
13.03U.S. cattle producers hail new WOTUS guidance
13.03Judge orders Trump administration to give fired workers their jobs back
13.03Warning Thames Water collapse could cost taxpayers billions and hit pensions
More »