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Tag: jio
Facebook commits to India with $5.7bn stake in Reliance Jio
2020-04-22 02:00:00| Total Telecom industry news
Facebook have announced today that they have purchased a 10% stake in Indian operator Reliance Jio for the sum of $5.7 billion. The deal was first hinted at last month, but talks had been reportedly delayed due to the coronavirus. However, while the virus shows no signs of slowing in India, it seems that business must go on. The move represents Facebook&rsquo…read more on TotalTele.com »
Tags: india
reliance
facebook
stake
Vodafone Idea, Airtel and Jio extend prepaid validity to May 3rd
2020-04-20 02:00:00| Total Telecom industry news
India’s operators have taken a number of emergency measures, big and small, to ensure their customers remain connected during the coronavirus pandemic, from crediting accounts with extra voice data to swapping their network names to things like “Vodafone-Be Safe&rdquo…read more on TotalTele.com »
Tags: idea
3rd
extend
validity
Facebook mulls acquisition of Reliance Jio stake report
2020-03-27 13:18:00| Telecompaper Headlines
(Telecompaper) Facebook seeks to acquire a multibillion-dollar stake in Reliance Jio. The Indian operator's mobile internet service has attracted nearly 370 million Indian customers in just three years, The Financial Times reports, citing two unnamed sources with knowledge of the discussions. According to one of these sources, Facebook nearly signed a preliminary deal for a 10 percent share in Jio, but the deal timetable was negatively impacted by the global lockdowns caused by the coronavirus outbreak.
Tags: report
acquisition
reliance
facebook
Facebook wants a multibillion-dollar piece of Reliance Jio
2020-03-25 01:00:00| Total Telecom industry news
Since Reliance Jio burst onto the Indian mobile scene back in 2016, the company has caused a huge upheaval in the local market. Its aggressively low prices have seen its primary competitors, Vodafone Idea and Bharti Airtel, struggle to keep up, with both now facing uncertain futures in the wake of enormous adjusted gross revenue payments imposed on them by the government…read more on TotalTele.com »
Tags: piece
reliance
facebook
multibilliondollar
Reliance Jio could go it alone for 5G using in-house tech
2020-03-09 01:00:00| Total Telecom industry news
Disruptive Indian telco Reliance Jio has reportedly developed its own 5G technology, news which the vendor ecosystem will surely meet with a raised eyebrow. The company claims to have designed its own 5G hardware, which could ultimately be manufactured in India. “We are more scalable than these vendors and are fully automated since we have our own cloud-native platform…read more on TotalTele.com »
Tags: using
tech
reliance
inhouse
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