Home › Facebook to acquire stake in India's Jio Platforms for USD 5.7 bln
 

Keywords :   


Facebook to acquire stake in India's Jio Platforms for USD 5.7 bln

2020-04-22 08:57:00| Telecompaper Headlines

(Telecompaper) Facebook has agreed to invest INR 435.7 billion (approximately USD 5.7 billion) into India's Jio Platforms, the holding company of mobile operator Reliance Jio Infocomm. This investment gives Jio Platforms an enterprise value of INR 4.6 trillion (approximately USD 66 billion). Facebook's investment will translate into a 9.99 percent equity stake in Jio Platforms on a fully diluted basis. 

Tags: usd acquire platforms facebook

Category:Telecommunications

Latest from this category

All news
28.02Fostering Leadership with the Fanatical Leadership Academy at Rackspace University
Telecommunications »
14.03UK economy shrank unexpectedly in January
14.03Car sharing switches to electric to boost appeal
14.03Exclusive: Every McDonald's in Britain warned of legal action over failing to tackle staff sex abuse
13.03Continental Refining Company targets Southeastern feed mills for cattle-formulated UltraBlend Soymeal
13.03Glenn Laursen Brinkman
13.03U.S. cattle producers hail new WOTUS guidance
13.03Judge orders Trump administration to give fired workers their jobs back
13.03Warning Thames Water collapse could cost taxpayers billions and hit pensions
More »