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Facebook to Acquire $5.7bn Stake in Reliance Jio

Facebook to Acquire $5.7bn Stake in India's Reliance Jio By Sebastian Moss, Data Centre Dynamics April 22, 2020 Facebook plans to acquire a 9.99 percent equity stake in Jio Platforms, the holding company of telecom Reliance Jio Infocomm. The INR 435.7 billion ($5.7 billion) deal allows the social media and advertising company to increase its [...]

2020-04-23T10:59:52-04:00April 23rd, 2020|Categories: State of the Industry|Tags: , , , , , |

Facebook Eyes Multibillion-Dollar Stake in Reliance Jio

Facebook Eyes Multibillion-Dollar Stake in Reliance Jio By Anjli Raval, Tim Bradshaw and Benjamin Parkin, Financial Times March 24, 2020 Facebook is seeking to buy a multibillion-dollar stake in Reliance Jio, whose cut-price mobile internet service has attracted 370m Indians in just three years, according to two people with knowledge of the discussions. Facebook was [...]

2020-03-30T10:37:52-04:00March 30th, 2020|Categories: State of the Industry|Tags: , , , , , , |

Subsea Cable Sector Needs a New Financing Model

Subsea Cable Sector Needs a New Financing Model: How a New Funding Approach Could Release Vital Capital By Steve Scott March 16, 2020 A boom in world-wide data traffic has sparked the biggest construction boom in subsea cable for two decades, with a string of new multi-million dollar high-speed data highways lighting up the seabed [...]