Mark Zuckerberg and Mukesh Ambani may have big deals on Reliance Jio.
According to media reports, Facebook can buy 10 percent stake in Jio. Apart from Facebook, Mukesh Ambani is also having talks with Google. Currently, the total market value of Reliance Jio is around 5 lakh crores.
New Delhi. There seems to be a possibility of a big deal between the country’s richest man Mukesh Ambani and the world’s largest social media platform owner Mark Zuckerberg. Neither of the two has confirmed the deal yet. According to media reports, Facebook has shown its interest in Reliance Jio to buy 10% stake. Negotiations have also begun on both sides of this billion-dollar deal. On the other hand, there is also news that Mukesh Ambani’s conversation with this deal is going on with Google too. Now it will be interesting to see who will join hands with Mukesh Ambani in this deal.
Big deals on Reliance Jio of 53 thousand crores can be done
According to the report, currently the market value of Reliance Jio is around 70 billion dollars i.e. around 5 lakh crore rupees. If Mukesh Ambani had a deal with Facebook, then according to 10%, the deal between the two would be around 7 billion dollars i.e. 53 thousand crore rupees. Which would be a big deal. According to the media report, so far no major statement has come from both sides. Officials of the two companies are sitting among themselves and negotiating the deal.
Became the country’s largest telecom company in 4 years
Mukesh Ambani launched Reliance Jio in 2015 while it started operations in 2016. Since then, the company has never looked back. In nearly four years, the number of customers of the company has crossed 37 crores and has become the largest telecom company in the country. Mukesh Ambani’s company has gone far ahead, leaving both Airtel and Vodafone Idea companies behind. If this deal is done, no other company will be able to stay around Jio.
Also Read: How to start a successful startup