Facebook and Reliance Jio may have big deals

By | March 25, 2020

Mark Zuckerberg and Mukesh Ambani may have big deals with Reliance Jio Facebook and Reliance Jio may have big deals Facebook and Reliance Jio are close to completing a deal that could be stake in Reliance Jio Mark Zuckerberg and Mukesh Ambani may have big deal with Reliance Jio

Facebook and Reliance Jio may have big deals

The country’s richest man, Mukesh Ambani, and mark Zuckerberg, owner of the world’s largest social media platform, are likely to have a big deal. So far, none of the two have confirmed the deal. According to media reports, Facebook has come out with a 10 per cent stake in Reliance Geo. The deal of the billial dollar has also begun on both sides. On the other hand, it is also reported that Mukesh Ambani’s talks with Google are also going on with the same deal. Now it will be interesting to see who will join mukesh Ambani in this deal.

Facebook and Reliance Jio may have big deals
Facebook and Reliance Jio may have big deals

Deal worth Rs 53,000 crore
According to the report, reliance Geo’s market value at present is around 70 billion dollars, i.e., about Rs 5 lakh crore. If Mukesh Ambani’s deal with Facebook is 10 per cent, the deal between the two will be around $7 billion, i.e., 53 thousand crore rupees. Which will be a big deal. As media reports say, no major statement has come from both sides so far. The officials of both the companies are sitting together and negotiating the deal.

Country’s largest telecom company formed in 4 years
Mukesh Ambani had launched Reliance Jio in 2015 while its operation started in 2016. Since then, the company has never looked back. In about four years, the number of customers of the company has crossed 37 crore and has become the largest telecom company in the country. Mukesh Ambani’s company has gone a long way, leaving behind both Airtel and Vodafone idea companies. If this deal is done, no other company will be able to stay around Geo.

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