Facebook acquiring 9.9% stake in Reliance Jio (and other investments)

[Sushubh]

Facebook Invests $5.7 Billion in Indian Internet Giant Jio (Published 2020)

It was the largest bet by the social network on the developing market, where millions of people have gone online in recent years.

www.nytimes.com

 

[Realme]

How much did Amabni spend to pull up Jio(include everything)?

Did Ambani's invested atleast $5 Billion head on?

 

[Sushubh]

Some articles have the estimated figures. Iirc it was around 25-30B.

 

[Sushubh]

And of course... There are some of us who believe that the valuation includes the benefit of access to you know who.

 

[Xyphoros]

Now that FB has bought stake in Jio, can we expect 1:1 speed at least?

 

[Realme]

25-30B in India, if it's not valuation I refuse to believe this and no matter how rich Ambani might might be it's very hard for any company to raise that much liquid money unless a coalition of companies/govt.

 

[mikrotik]

They did not invest that kind cash. They have raised debt. They haven't paid their network equipment provider and many others.

 

[Sushubh]

FAQs: Six Key Questions On The Reliance Jio-Facebook Deal | Forbes India

 

[IBF]

Source

 

[Sushubh]

Exclusive: NPCI set to roll back 33% market share cap for third party UPI apps

NPCI is looking to roll back its plan to put a cap of 33% on the market share of third-party UPI apps, said three people aware of the matter.

entrackr.com

WhatsApp Pay is coming