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Facebook Invests $5.7 Billion In India’s Internet Giant Jio
April 22nd, 2020 - 12:30 GMT

Facebook Invests $5.7 Billion In India’s Internet Giant Jio

Today Facebook is announcing a $5.7 billion, or INR 43,574 crore, investment in Jio Platforms Limited, part of Reliance Industries Limited, making Facebook its largest minority shareholder. This investment underscores our commitment to India and our excitement for the dramatic transformation that Jio has spurred in the country. In less than four years, Jio has brought more than 388 million people online, fueling the creation of innovative new enterprises and ...
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