Mar 25, 2020 - Technology

Report: Facebook in talks to buy stake in Indian telecom company Reliance Jio

Ina Fried, author of Login

Mark Zuckerberg attending the 56th Munich Security Conference in Germany on Feb. 15. Photo: Abdulhamid Hosbas/Anadolu Agency via Getty Images

Facebook is said to be in talks to buy a 10% stake in Indian telecom operator Reliance Jio, according to the Financial Times.

Why it matters: Facebook has long sought to invest in big markets where internet connectivity is sparse, expensive, or both — figuring that a boost in internet usage will result in more users. Its last approach, subsidizing free use of Facebook, was poorly received in India. This would appear to be a different means to achieve the same end.

Go deeper: Facebook's plan to keep growing bigger

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Illustration: Sarah Grillo/Axios

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