Facebook has paid $5.7 billion for a 9.9 percent stake in India's Reliance Jio, the social media giant announced Tuesday. By Abid Rahman Facebook has paid $5.7 billion for a 9.9 percent stake in India ...

India's largest telecom company, Reliance Jio, has reeled in three mammoth investors in three weeks: Facebook invested $5.7 billion for a 9.99% stake, Silver Lake Partners, a global leader in ...

Facebook Inc. said it would pay $5.7 billion for just under 10% of Indian telecom operator Jio Platforms Ltd., a massive expansion of the social media giant’s commitment to a promising market where it ...

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Facebook is buying a 9.99 percent stake in Jio Platforms, the Indian telecoms giant owned by India’s richest man, Mukesh Ambani. Jio, a subsidiary of Reliance Industries, has conquered much of the ...

Mukesh Ambani, India’s richest man, has enabled tens of millions of people — if not more — to come online for the first time with his disruptive telecom network. He has changed how many Indians, once ...

In this Aug. 12, 2019 file photo, Chairman of Reliance Industries Limited Mukesh Ambani, center, with wife Neeta Ambani arrives for 42nd Annual General Meeting of Reliance Industries Limited in Mumbai ...

Facebook has made a huge bet on India by investing $5.7 billion into Jio Platforms, the tech subsidiary of multinational conglomerate Reliance Industries. Jio variously operates broadband, mobile ...

Mukesh Ambani wants to build the next global technology company. And if he plays his cards right, his mobile carrier and technology juggernaut Jio Platforms could soon hold rank alongside the likes of ...

India’s antitrust watchdog has given its blessing to Facebook and Reliance Jio Platforms for their $5.7 billion deal. In a statement on Wednesday, the Competition Commission of India said it had ...