Facebook Invests $5.7 Billion in Indian Telecom Jio
Video Credit: Cheddar Inc. - Duration: 00:17s - Published
Facebook Invests $5.7 Billion in Indian Telecom Jio
Facebook is investing $5.7 billion into Jio Platforms for a return of nearly 10 percent stake, the social media giant's biggest single investment to date.
Facebook is betting big on India - to the tune of nearly $6 billion - with a 10% stake in Jio Platforms, the digital arm of Indian billionaire Mukesh Ambani's Reliance Industries.