Facebook is in talks to buy a multi-billion dollar stake in Reliance Jio, the telecom unit of Reliance Industries (RIL), the Financial Times reported on Tuesday.
The exclusive news report said the social media giant was in talks for a 10 percent stake in Jio, controlled by India’s wealthiest man Mukesh Ambani, but the talks were halted due to global travel bans amid the coronavirus outbreak.
Reliance Jio is the largest 4G service provider in India.
