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General Atlantic purchases almost $1 billion equity in Jio Platforms

2020-05-18 02:00:00| Total Telecom industry news

Yesterday saw the announcement of yet another investment deal in Jio Platforms, this time from investment firm General Atlantic to the tune of around $870 million.   The deal will give the American fund 1.34% equity in the Indian digital platform, General Atlantic’s largest foray into the Asian market to date…read more on TotalTele.com »

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Social Distancing Offshore: COVID-19 Highlights Pandemic Risk for Oil Platforms

2020-05-01 00:00:00| OGI

Offshore oil and gas workers now have to contend with social distancing and personal protection in confined facilities that were never designed for pandemics. 

Tags: social risk oil highlights

 
 

Mexican Oil Platforms Start Reducing Staff Due to Coronavirus

2020-04-27 14:58:47| OGI

Pemex said in a statement that workers had started coming off the rigs as Mexico implements stricter measures to combat the coronavirus since entering the highest phase of a public health alert April 21.

Tags: start due staff oil

 

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

 

Audi provides overview of its 4 distinct EV platforms

2020-04-02 10:55:39| Green Car Congress

Tags: overview distinct audi platforms

 

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