Facebook to expand its footprint in India with a multibillion-dollar stake in Reliance Jio



Social media platform Facebook and India’s largest mobile network company, Reliance Jio are in talks for a multi-billion-dollar partnership that will let Facebook expand its footprint in India. 

The news comes as The Financial Times reported citing two sources who are in the know-how of things. The report mentions that both the companies were just about to sign a preliminary deal that would have given Facebook a 10% share in Jio. Still, due to restrictions put in place by the government to contain the coronavirus outbreak, the deal is expected to continue after lockdowns are eased a bit.


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