An icon in the shape of a lightning bolt. Impact Link Facebook will invest $5.7 billion in Reliance Jio, India's biggest mobile operator, the two companies announced on Tuesday. The deal may look like ...

NEW DELHI (AP) — Facebook says it plans to invest $5.7 billion in India’s telecom giant Reliance Jio. The investment will give Facebook a 9.99% stake in Jio Platforms, the digital technologies and app ...

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 ...

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 ...

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 ...

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 ...

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Last month, we learned that the social-networking giant, Facebook was in talks with the largest telecom operator in India, Jio, for a stake of 10 percent. But, due to the bans imposed because of the ...

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 ...

Facebook’s major bet on Jio Platforms could create a headache for mobile payments services that have amassed tens of millions of users while struggling to find a business model in the world’s ...