Quick Answer: Why everybody is investing in Jio?

Why is everyone investing in Jio?

Social distancing has meant increased usage of technology and digital solutions, which is driving investors towards tech companies. RIL has tapped into this heightened interest for technology investments by positioning Jio as a digital platform company.

Why did FB invest in Jio?

On April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-retail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.

Jio was the first network to provide 4G LTE services and VoLTE services. … Reliance Jio Infocom Ltd (RJIL) focused on high-speed data instead of voice and SMS. On its launch, the company announced data plans with 1GB 4G data per day in the market where mostly all popular telecom providers offered 1GB data per month.

Which companies invested in Jio and why?

The subscription amount of Rs 1,894.5 crore came from Intel Capital for 0.39 per cent stake in Jio Platforms, and Rs 730 crore came from Qualcomm Asia Pacific for 0.15 per cent stake.

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Why is Reliance Jio so cheap?

Originally Answered: Why is Jio so cheap? Soon it will increase price but still be cheaper due to usage of VOLTE technology. Other companies still use 3G/2G which is much costlier for them!

Is Jio really profitable?

Reliance Jio has reported a profit decline of nearly 4% with net profit of ₹3,508 crore. … Jio also witnessed a major slump in average revenue per user (ARPU), which fell to ₹138.2, a decline of over 8%.

Did Ambani buy Facebook?

Mukesh Ambani gave Google and Facebook a discount on Reliance Jio stake ⁠— here’s why. Google’s $4.5 billion cheque and Facebook’s $5.7 billion investment were a cheaper deal than the rest. Both the deals had a different equity valuation for Jio than the other financial investors who also paid a 12.5% premium.

Where does Mukesh Ambani invested his money?

Mukesh Ambani chairs and runs $74 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom and retail. Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer.

Which companies are owned by Mukesh Ambani?

We present you the list of Companies that are owned by World’s 10th Richest Businessman – Mukesh Ambani.

List of Companies owned by Mukesh Ambani in 2021

  • Reliance Retail. …
  • Reliance Life Sciences. …
  • Reliance Jio Infocom Limited. …
  • Reliance Petroleum. …
  • Network 18. …
  • Football Sports Development Limited.

27.04.2021

Who is the Jio owner?

Jio Platforms

What makes Jio different?

Jio has to maintain only one network (the one for data) while others have to run one network each for voice and data. Equipment needed is much lower for Jio hence lowering their cost.

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How did Jio grow so fast?

In fact, the Reliance Jio 4G network achieved the fastest speeds in India. … The combination of affordable data plans and nationwide 4G coverage led to massive increases in data usage, rising from less than 1GB per month to nearly 10GB. Fast, affordable data changed the lives of many Indians from underserved areas.

How much is Jio worth?

As of September 2020, Reliance Industries has raised ₹1.65 lakh crore (US$23 billion) by selling nearly 33% equity stake in Jio Platforms.

Jio.

Jio’s headquarters in RCP, Navi Mumbai
Net income ₹12,537 crore (US$1.8 billion) (FY 2020–21)
Total assets ₹305,965 crore (US$43 billion) (FY 2020–21)

Is Jio sold to FB?

jio facebook deal: Facebook buys 9.99% stake in Reliance Jio for Rs 43,574 crore – The Economic Times.

How do I invest in Jio stock?

Investors can buy Jio pre-IPO shares on the EquityZen platform. EquityZen is an online portal for shares in established pre-IPO tech companies. So far, 13 investors have bought a 33 percent stake in Jio Platforms. Facebook has invested $5.7 billion in Jio for a 10 percent stake.

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