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Facebook Tipped To Buy Stake In Reliance Jio

Key Points:
  • Facebook seems to step into the telecom industry.
  • It is reported that Jio will sell 10%.
  • Currently, the talk hold due to coronavirus.

After connecting everyone via the popular social media applications, now it seems that Facebook wants to test its luck in the Telecom industry. As we got a new place of information which suggests that the social media giant is in talks with Reliance Jio to purchase a stake.

According to a new report, Facebook is in talks with the newbie of the Indian telecom industry Reliance Jio to purchase a 10% share and that means it is a multi-million dollar deal. Well, it is also said that currently the discussion is stopped because of the coronavirus outbreak

Apart from this, we don’t have any other information about the deal and if you are unaware about Jio then it started the operation in 2016 with a massive decision of offering free voice calls as well as data and SMS service for almost 6 months. It also offer many other services include music streaming, on-demand live TV as well as mobile payment service and more.

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