Facebook Takes $5.7B Stake in India’s Jio
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Re: Facebook Takes $5.7B Stake in India’s Jio
#2Mark Zuckerberg in his FB post:
There's a lot going on in the world right now, but I wanted to share an update on our work in India. Facebook is teaming up with Jio Platforms -- we're making a financial investment, and more than that, we're committing to work together on some major projects that will open up commerce opportunities for people across India.
India is home to the largest communities on Facebook and WhatsApp, and a lot of talented entrepreneurs. The country is in the middle of a major digital transformation and organizations like Jio have played a big part in getting hundreds of millions of Indian people and small businesses online.
This is especially important right now, because small businesses are the core of every economy and they need our support. India has more than 60 million small businesses and millions of people rely on them for jobs. With communities around the world in lockdown, many of these entrepreneurs need digital tools they can rely on to find and communicate with customers and grow their businesses. This is something we can help with -- and that's why we're partnering with Jio to help people and businesses in India create new opportunities.
I want to thank Mukesh Ambani and the entire Jio team for their partnership. We're looking forward to getting started.
Re: Facebook Takes $5.7B Stake in India’s Jio
#3The fact that Zuckerberg and Facebook are making this bet, using the data they have, suggests that the Modi era will continue for quite a while. Ambani’s fortunes are closely tied to Modi.
This is as much a political statement as a financial one.
Re: Facebook Takes $5.7B Stake in India’s Jio
#4Wow! Very interesting news. (Bad for us consumers ofcourse.)
Reliance Jio is focusing on vertical integration by even building and rolling out their own 5G tech (https://content.techgig.com/jio-develops-in-house-5g-tech-ai...). And I am sure they plan to expand to other countries in 5 years or so. It will be very interesting to watch how they change the telecom industry in these countries too, in the future.
Speculating because I don't know the details, but feels like Facebook got the better end of the deal - FB bought WhatsApp, a messaging platform, for $19 billion. $5.7 Billion for 10% stake in one of the largest mobile network in the world sounds a real bargain ... right?
Re: Facebook Takes $5.7B Stake in India’s Jio
#5This is bad.
One executive at Jio already confirmed they use DPI to monitor traffic on their networks, and their apps, be it their MyJio, JioTV, JioNews, etc. ask for almost every permission there is.
Also, it looks like the Zuck hasn't given up on his internet.org thing yet. He failed the first time, might as well join hands with a person who literally is the Government in India.
Can't switch to Idea because they were hacked by the NSA and they're about to go bankrupt, so I guess long live the Jio-Airtel duopoly!
Re: Facebook Takes $5.7B Stake in India’s Jio
#6This is bad. One executive at Jio already confirmed they use DPI to monitor traffic on their networks, and their apps, be it their MyJio, JioTV, JioNews, etc. ask for almost every permission there is. Also, it looks like the Zuck hasn't given up on his internet.org thing yet. He failed the first time, might as well join hands with a person who literally is the Government in India. Can't switch to Idea because they we…
There's BSNL. Their 4G services are currently better than Jio and Airtel in my city. And they provide better connectivity in rural and remote areas.
Re: Facebook Takes $5.7B Stake in India’s Jio
#7This is bad. One executive at Jio already confirmed they use DPI to monitor traffic on their networks, and their apps, be it their MyJio, JioTV, JioNews, etc. ask for almost every permission there is. Also, it looks like the Zuck hasn't given up on his internet.org thing yet. He failed the first time, might as well join hands with a person who literally is the Government in India. Can't switch to Idea because they we…
Airtel isn't good either. There are no real options anymore. Bsnl is terrible where I live. For a lot of people, that's a reality. They can't move.
Re: Facebook Takes $5.7B Stake in India’s Jio
#8This is bad. One executive at Jio already confirmed they use DPI to monitor traffic on their networks, and their apps, be it their MyJio, JioTV, JioNews, etc. ask for almost every permission there is. Also, it looks like the Zuck hasn't given up on his internet.org thing yet. He failed the first time, might as well join hands with a person who literally is the Government in India. Can't switch to Idea because they we…
Airtel isn't good either. There are no real options anymore. Bsnl is terrible where I live. For a lot of people, that's a reality. They can't move.
mesh wifi?
Re: Facebook Takes $5.7B Stake in India’s Jio
#9This is bad. One executive at Jio already confirmed they use DPI to monitor traffic on their networks, and their apps, be it their MyJio, JioTV, JioNews, etc. ask for almost every permission there is. Also, it looks like the Zuck hasn't given up on his internet.org thing yet. He failed the first time, might as well join hands with a person who literally is the Government in India. Can't switch to Idea because they we…
There's BSNL. Their 4G services are currently better than Jio and Airtel in my city. And they provide better connectivity in rural and remote areas.
BSNL is about to go bankrupt as well.
They were offered the 4G spectrum at 2016 prices but even then they couldn't pay their employees' salaries anymore so the Govt. had to step in to pay for their voluntary retirement scheme, which 78,000/50% of their employees opted for.
Re: Facebook Takes $5.7B Stake in India’s Jio
#10I wish government would stop these foreign investment sometimes especially into important pillars of the internet. I am okay with small startups getting investment but this is just bad. Jio is already terrible at tracking and they are the first ones to censor you when some high court cries foul.