Billionaire Mukesh Ambani founder, chairman, and managing director of Mumbai-based Reliance Industries has made investments in excess of $50 billion to create the largest digital and connectivity ecosystem in India. Currently, 5G mobile networks begin to expand in India, but about half of the country’s 1.4 billion people remain disconnected...
India's Jio: Magnet for American Investment
In the midst of the Covid-19 pandemic almost $9 billion of American money has flowed into India's largest telecom provider, a 4G player named Jio. Facebook recently invested $5.7 billion in Jio, the telecom provider owned by Reliance Industries, the largest private sector company in India. "We're making a financial...