Why do you think Facebook invested in Jio explain?

With Jio having ambitions to take on Amazon in e-commerce, provide fiber net, run data centers and set up new services like telehealth and distance learning, the investment from Facebook will greatly help Reliance. This investment will help the company reduce the debt and invest further in its network.

How does the strategic alliance with Reliance Jio benefit Facebook?

In April 2020, Facebook and Reliance Jio announced a multi-billion dollar deal where Facebook agreed to pick up nearly 10\% stake in Jio for Rs 43,574 crore. The Jio-Facebook deal may mark a change in consumer behaviour, and the whole industry will benefit from this, Vijay Shekhar Sharma told CNBC TV-18.

Why is Mukesh Ambani selling stake in Jio?

Mukesh Ambani-led Reliance Industries Ltd’s (RIL) asset monetisation, which saw the oil-to-telecom major sell 33\% stake in Jio Platforms, should significantly improve the company’s credit quality. According to S&P Global, RIL’s adjusted debt could be less than Rs 1 lakh crore by the end of this financial year.

What is the deal between Reliance Jio and Facebook?

In a statement on Wednesday, the Competition Commission of India said it had approved Facebook’s proposed multi-billion-dollar investment in Jio Platforms for a 9.99\% stake in the top Indian telecom network. …

Does the Facebook Reliance merger mean growth in business for India?

The deal gives the social media giant – Facebook a firm foothold in a fast-growing massive digital market and helps the Indian oil-to-telecom conglomerate to significantly cut debt. The deal will help reduce RIL’s debt burden, which has gone up due to the breakneck expansion of Jio and other businesses.

Is Facebook debt Free?

2. Facebook Social-media giant Facebook doesn’t have any long-term debt on its books. The business has current assets of more than $77 billion that could easily cover all of its liabilities, which total $30 billion.

How much Ambani spend on Jio?

Mukesh Ambani has lured $10 billion of investment into Jio in just one month.

Is Jio sold to Facebook?

India’s antitrust watchdog has given its blessing to Facebook and Reliance Jio Platforms for their $5.7 billion deal.

What is Jio Google deal?

Last year, Alphabet Inc-owned Google earmarked $10 billion for investments in India and began by putting in $4.5 billion in Jio Platforms for a 7.73\% stake. “The deal will rank among Google largest cloud deals, next to customers like Deutsche Bank.