Facebook Inc. will pay $ 5.7 billion for just under a 10% stake in India’s Jio Platforms Ltd., the holding company for the mobile operator that upended India’s telecommunications industry with its cut-rate data plans.
The deal announced late Tuesday gives Facebook the opportunity to bring its WhatsApp messaging service, which is hugely popular in India, into closer partnership with one of the country’s top telecom providers.
Jio …
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