Why Did Jio Get Invested?

Why is Reliance Jio so cheap?

I think it is so cheap because Jio works on internet, which is the latest technology.

If you are in an area, where there is no internet coverage, the phone will stop working.

The 4G network made by Jio all over India during the past two years was by spending about two and half lakh crores rupees, according to a report..

Did Mark Zuckerberg bought Jio?

Facebook has bought a 9.9% stake in Reliance Jio for $5.7 billion (Rs 43,574 crore), the telecom unit of Reliance Industries Ltd (RIL) in a multibillion-dollar deal that gives the social media giant a firm foothold in a fast-growing massive market and helps the Indian oil-to-telecom conglomerate to significantly cut …

In which country Internet is cheapest?

India was named the cheapest country for one gigabyte of data with the average cost in U.S. dollars only coming to $0.26. Kyrgyzstan came second with $0.27 while Kazakhstan rounded off the top-three with $0.49.

Is Jio cheapest in the world?

Reliance gradually upped Jio tariffs between 2017 and 2020, but India continues to have the cheapest mobile data in the world. At present, 1GB data costs Rs 18 ($0.26) on an average. And, Jio is the country’s largest telco with 388 million subscribers.

Why did Mark Zuckerberg invested in Jio?

The reason Zuckerberg’s investment makes sense is because Jio is likely to be the fastest-growing segment for Reliance in the post-COVID world. … Entering India hand-in-hand with Jio will give Facebook access to its 370 million subscribers.

Did Google invested in Jio?

NEW DELHI: Reliance Industries (RIL) on Wednesday said global technology giant Google would invest Rs 33,737 crore for a 7.73 per cent stake in Jio Platforms, the subsidiary which houses its telecom and digital operations.

Who invested in Jio recently?

Mukesh Ambani’s Reliance Jio has received an investment worth whooping Rs 87,655 crore in the last 6 weeks. The most recent of the lot came in face of Rs 9,093 crore invested by Abu Dhabi based Mubadala investment company.

Did Zuckerberg buy Jio?

Facebook-Reliance Jio USD 5.7 billion (Rs 43,574 crore) deal: In the first mega cross-border deal of the year, Mark Zuckerberg’s Facebook has agreed to buy a 9.99% equity stake in Mukesh Ambani’s Reliance Jio for Rs 43,574 crore, with an eye on the country’s 6 crore small businesses and a huge digital customer base of …

How much money did Mukesh Ambani have?

85.1 billion USD (2020)Mukesh Ambani/Net worth

Which country has most expensive Internet?

South Africa Has The Most Expensive Internet In The World – Report Shows.

Is Jio losing money?

NEW DELHI: Reliance Jio Infocomm Ltd, India’s most profitable wireless carrier, could lose as much as Rs 15,000 crore ($2.1 billion) this fiscal year when costs such as handset subsidies are included, said Chris Lane and Samuel Chen, analysts at Sanford C Bernstein & Co.

Why is Jio getting invested?

First, it’s a part of RIL, the largest company in India. Second, Jio is the market leader and making profits. It makes abundant business sense to invest in Jio and make profits before the company gets listed on the stock market a few years from now.