Business

Reliance Jio and Facebook

Both companies want to dominate the Indian market. It is unlikely they have enough reasons to do it together.
Mukesh Ambani

Late last year, Reliance Industries Ltd invited over analysts covering the company’s telecom business, Reliance Jio Infocomm. The idea was to help them understand how to look at the venture, and hence value the company and its future prospects.

In a presentation that didn’t receive as much public attention as it should have, Reliance said it was unfair to look at Jio as a telecom venture.

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Lead image of Mukesh Ambani by World Economic Forum on Flickr, licensed under Creative Commons CC-BY-NC-SA 2.0.

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