The world's largest social media company Facebook is looking to buy 10% stake in Reliance Jio, India's largest telecom company. It is being told that it is going to be a big deal between Facebook and Jio which is worth millions in dollars. According to the Financial Times report, Facebook is in talks to buy a 10% stake in Reliance Jio.

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It is being said in the report that in addition to Facebook, Jio is also talking to Google for partnership. It is being said in the report that the market value of Jio is between $ 65-70 i.e. around 5,000 to 5,350 crore. Facebook's 10% stake in Jio will be between $ 6.5-7 billion, at the moment Jio has not officially said anything about this deal yet.

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Reliance Jio launched in 2015, but officially started operations in 2016. In just three years, the number of subscribers of Jio has crossed 37 crores and with this, Jio has also become the largest telecom company in India.

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