Does the Facebook Reliance merger mean growth in business for India?

The deal gives the social media giant – Facebook a firm foothold in a fast-growing massive digital market and helps the Indian oil-to-telecom conglomerate to significantly cut debt. The deal will help reduce RIL’s debt burden, which has gone up due to the breakneck expansion of Jio and other businesses.

What the Jio deal means for Reliance and Facebook?

More. Facebook will invest Rs 43,574 crore in Jio Platforms, a unit of Reliance Industries Ltd (RIL), for a 9.99\% stake, an allcash deal that will help the oil-toretail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.

Has Reliance Jio changed the telecom sector in India?

With the tremendous scale and 4G infrastructure, Jio has been able to make money while upending the Indian mobile market. Competitors have been forced to cut prices to compete, leading to a 35\% drop in revenue in the industry over the past two years despite an expanding market.

What is Jio Google deal?

Last year, Alphabet Inc-owned Google earmarked $10 billion for investments in India and began by putting in $4.5 billion in Jio Platforms for a 7.73\% stake. “The deal will rank among Google largest cloud deals, next to customers like Deutsche Bank.

Is Jio sold to Facebook?

India’s antitrust watchdog has given its blessing to Facebook and Reliance Jio Platforms for their $5.7 billion deal.

Which company buys 9.99 stake in Reliance Jio platform?

Facebook’s
Competition Commission of India has approved Facebook’s acquisition of 9.99 per cent stake in Jio Platforms, the digital subsidiary of Mukesh Ambani-led Reliance Industries.

How did Jio change India?

Jio helped to bridge India’s digital divide… Reliance offered customers an irresistible deal—4GB of data a day for free. Within six months of Reliance Jio’s launch, India became the top mobile data user across the world consuming over 1 billion GB of data every month in comparison with 200 million GB earlier.

How is Reliance Jio so cheap?

The operational cost is less for Jio. The prices are kept low intentionally in order to capture maximum subscriber base in an already crowded telecom market.

What does Facebook’s acquisition of Reliance Jio platforms mean for India?

(AP Photo) Facebook ’s purchase of a nearly 10\% stake in Reliance Industries’ digital business unit Jio Platforms brings one of the world’s largest Internet companies on the table with India’s largest telecom player.

Why Facebook and Jio want to partner up with each other?

Facebook and Jio could use their partnership to capitalise on this growth. Both companies have shown interest in being involved in the payments space. While Jio has the JioMoney, Facebook lets people to make payments through Messenger in the US and WhatsApp is now a UPI-based payments application in India.

What is the difference between Jio and Facebook’s Libra?

While Jio has the JioMoney, Facebook lets people to make payments through Messenger in the US and WhatsApp is now a UPI-based payments application in India. Facebook also has a third digital payments endeavour in the works too — the Libra cryptocurrency service.

Will Jio and Facebook’s open ecosystem work together?

“There will be areas that we will collaborate in but there will be areas where we will potentially not agree with each other,” a Jio official said. Facebook, on the other hand, maintained its stance in favour of an open ecosystem for data to flow across boundaries.