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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: Last week I wrote about Reliance Jio and Facebook, from the point of view of what is in it for each player, if a transaction goes through. If you haven’t read that, I suggest you do to get context. Earlier this morning the transaction was announced. From Jio’s media release: Reliance Industries Limited, Jio Platforms Limited and Facebook Inc today announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion), assuming a conversion rate of Rs 70 to a US dollar. Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis. Money coming in is good for Reliance, and will help reduce its indebtedness. Something that’s been a lingering problem for the company. Reliance will use Rs 28,574 crore from the Rs 43,574 crore incoming to pay debts. The remaining Rs 15,000 crore will be left in Jio Platforms. For now. In return for Facebook’s minority investment, the …
Editor's note: Last week I wrote about Reliance Jio and Facebook, from the point of view of what is in it for each player, if a transaction goes through. If you haven’t read that, I suggest you do to get context. Earlier this morning the transaction was announced. From Jio’s media release: Reliance Industries Limited, Jio Platforms Limited and Facebook Inc today announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms. This investment by Facebook values Jio Platforms at Rs 4.62 lakh crore pre-money enterprise value ($65.95 billion), assuming a conversion rate of Rs 70 to a US dollar. Facebook’s investment will translate into a 9.99% equity stake in Jio Platforms on a fully diluted basis. Money coming in is good for Reliance, and will help reduce its indebtedness. Something that’s been a lingering problem for the company. Reliance will use Rs 28,574 crore from the Rs 43,574 crore incoming to pay debts. The remaining Rs 15,000 crore will be left in Jio Platforms. For now. In return for Facebook’s minority investment, the …
Elon Musk’s satellite internet promises a new way to get online. How will it coexist with the country's telecom giants?
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
Elon Musk’s satellite internet promises a new way to get online. How will it coexist with the country's telecom giants?
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
