Facebook, invested $5.7 billion for a 9.99 per cent stake in Reliance Jio Platforms

Facebook,   invested $5.7 billion for a 9.99 per cent stake in Reliance Jio Platforms

Facebook,   invested $5.7 billion for a 9.99 per cent stake in Reliance Jio Platforms

Reliance jio is biggest telecom operator in the India with more than 370 million subscriber

The deal, which valued Jio at a pre-money valuation of $65.95 billion, makes Facebook the largest minority shareholder in the Indian telecom network.