Facebook to invest $5.7 billion in Reliance Jio, India's popular mobile internet service

Facebook announced it would invest $5.7 billion in Reliance Jio, India's popular mobile internet service.The multi-billion-dollar stake makes Facebook the largest minority shareholder in the internet service, which is a part of Reliance Industries Limited.In the past three years, Jio has brought hundreds of millions of people in the country online, making the country a vital market after India "overtook the US last year to become the world's second-largest smartphone market after China by unit shipments," The Financial Times reported.Visit Business Insider's homepage for more stories.Facebook announced Tuesday that it would invest $5.7 billion in Reliance Jio, India's popular mobile internet service that brought hundreds of millions in the country online in three years.The multi-billion-dollar

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