Facebook Might Buy Multi-Billion Dollar Stake in Reliance Jio

Facebook and Google are planning to buy Stakes in Reliance Jio which will open multiple avenues for the American giants

Highlights
  • Reliance Jio is valued at 60 Billion Dollars
  • Facebook is planning to acquire 10% stake in Reliance Jio
  • Reliance Jio will open multiple opportunities for Facebook in India

Reliance Jio has been the only company which directly competes with US companies in the Indian market. Currently, the subsidiary of Reliance Industries, Reliance Jio has gained attraction from Facebook. The American giant is planning to buy a multi-billion dollar stake in Reliance Jio. As per a report by Financial Times, Facebook is planning to acquire a 10% stake in Reliance Jio. Currently, Reliance Jio is approximately valued at 60 Billion Dollars and has over 370 million subscribers which makes it the top telecom operator in the country. Even revenue-wise, Reliance Jio is the leading telecom operator in India right now.

Reliance Jio Will Open Multiple Opportunities for Facebook in India

Reliance Jio is one of the most lovable and demanding digital platform in the country. A stake in Reliance Jio will open up multiple windows for Facebook. As per analysts, it is expected that a partnership with Reliance Jio will help Facebook to set up UPI payments schemes in WhatsApp along with resolved encryption issues with the government. However, no official statements have been released by the companies regarding the matter.

It is also expected that Google might also close a deal with Reliance Jio soon. As per the reports, Facebook almost finalised the 10% stake in Reliance Jio, but the negotiations were postponed and cancelled due to spread of the deadly virus Covid-19. The government has already locked down the entire nation for 21 days and no trade deals can be made in a lockdown situation. Since the Indian government is also strict in the overseas business operations, Facebook will get access to the Indian Market by buying stakes in Reliance Jio, which is currently growing at a rapid scale.

Motorola RAZR Users Get Free Services on Jio Network

Motorola RAZR is the latest smartphone in India which supports eSIM. To attract potential buyers, Reliance Jio is offering an additional one year of unlimited services without any fees. Not only this, if you are using a Motorola RAZR, Jio will also offer double data benefits in its annual plan. Similarly, Bharti Airtel is also offering free services to buyers as the company also offers eSIM Services in India.

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PrithviRanajitRamVishal Recent comment authors
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Ram
Ram

Would have been better if Amazon, Netflix, Disney/HBO and EROS also come into rescue, as they are the real beneficiaries of this Digital India after 4G & FTTx hype.

Vishal
Vishal

Data is the new oil

City
Chennai
Prithvi
Prithvi

Vishal, Data is the new currency, in fact .. [Oil is only a factor of the hegemonic US Dollar]. This is how the US ensures that the dollar reigns supreme. Overvalue a useless company like Facebook with US$ funding, get this co. to buy into a foreign co. (like Rel Jio in India) & lock that foreign co. into a US$ commitment. The only difference is that the US is now beginning to start replacing Data as the newer bigger factor relegating Oil to the second spot – all in the name of preserving the might of the Dollar. Using… Read more »

Ram
Ram

Don’t be so pessimist. We can’t go back, better let us follow Nature. How fast you run, you will come back to the starting point again sooner or later as per the rule of this UNIVERSE, you can’t make anything larger than a ZERO!!

Practically as of 2020, Reliance Jio doesn’t matter any more for India, it was 2016-2019, when they used to matter, honeymoon is over.

If people are happy being idiot, let them be that, everybody wants to have a pie from those idiots, why not FB or …

Ranajit
Ranajit

Prithvi:
Very well summarized.
I have noticed that your comments are always intelligently conveyed.
Jio should avoid FB/Google funding.

Prithvi
Prithvi

Thank you, Ranajit. Yes – even Google operates as an agent for the US Dollar. They monetise our private data & then invest .. rather .. throw our money back at us, really. Sort of like having the cake and eating it too.

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