After FB-Jio deal, Microsoft, Google, Amazon gear up for investment in India: Report
By MYBRANDBOOK
Facebook’s investment of $5.7 billion in Reliance Industries’ Jio has been the talk of the town in last week. This deal is expected to be fruitful for Indian market.
As per news source, this aggressive move of Facebook have boosted other tech giants like Microsoft, Amazon and Google to look for ways to invest in Indian companies and improve their own access to the Indian market. Especially in the post-Covid-19 world, it will be even more attractive.
These corporate behemoths are already on the lookout for major partnerships with retails stores, digital payments and telecom infrastructure companies.
After this Facebook-Jio deal, hopes has been raised among the other competitors like Vodafone Idea and Bharti Airtel to improve their valuation, and also increase their prospects for raising fresh funds and equity tie-ups.
The belief is that the Jio deal will set the stage for other operators to offer additional services to tech giants, and look for synergy and attract investments.
If indeed global big cats come looking for telecom partners in India, then it would be a god-send for the beleaguered Indian telcos like Vodafone Idea and Bharti Airtel. They respectively owe the government Rs 54,000 crore and Rs 35,600 crore.
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