Reuters
- Facebook announced it would invest $5.7 billion in Reliance Jio, India's popular mobile internet service.
- The multi-billion-dollar stake makes Facebook the largest minority shareholder in the internet service, which is a part of Reliance Industries Limited.
- In the past three years, Jio has brought hundreds of millions of people in the country online, making the country a vital market after India "overtook the US last year to become the world's second-largest smartphone market after China by unit shipments," The Financial Times reported.
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Facebook announced Tuesday that it would invest $5.7 billion in Reliance Jio, India's popular mobile internet service that brought hundreds of millions in the country online in three years.
The multi-billion-dollar stake makes Facebook the largest minority shareholder in the internet service, which is a part of Reliance Industries Limited.
See the rest of the story at Business Insider
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