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Thursday 26 March 2020

Why Facebook is thinking about investing in India’s biggest network


India is home to Facebook‘s largest user base on the planet, with hundreds of millions of people using its digital services. It now wants to get a stronger foothold in the country as more folks come online. Earlier this week, the Financial Times reported that the social media giant is aiming to buy a stake in India‘s biggest mobile carrier, Reliance Jio. Jio, started over three years ago by multi-billionaire Mukesh Ambani, took on complacent incumbents like Airtel and Vodafone, and led the charge to make mobile data more affordable in the country.  As a result, India has the cheapest data…

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