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As Trump Fights China, Big Tech Savors Jio and India’s Promise
As user numbers at home plateau and U.S.-China tensions escalate, tech giants are looking more closely at India.
13 Aug 2020, 03:47 AM IST
(Bloomberg Businessweek) -- In April, Reliance Industries announced Facebook Inc. would pay almost $6 billion for 9.9% of Jio Platforms, the Indian conglomerate’s telecom and internet unit. The news unleashed a deluge of interest as global investors smelled opportunity and began bombarding the company with queries, spurring Reliance to impose what it called the “7-4-45” rule, strictly rationing access for even A-list companies such a...
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