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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: , , , , , , |

Jio Launches Service On AAE-1

By Reliance Jio Infocomm Limited Press Release June 29, 2017 Mumbai, India - Reliance Jio Infocomm Ltd. (Jio), the largest 4G and mobile broadband digital services provider in India, announces the launch of the Asia-Africa-Europe (AAE-1) submarine cable system. AAE-1, the longest 100Gbps technology based submarine system, will stretch over 25,000 km from Marseille, France [...]

2017-06-30T01:18:40-04:00June 30th, 2017|Categories: Current Systems|Tags: , , |