wordpress blog stats
Connect with us

Hi, what are you looking for?

The Competition Commission of India will review the Facebook-Jio deal: Report

Reliance Jio

The Competition Commission of India is reviewing Facebook’s acquisition of a 9.9% stake for $5.7 million in Jio Platforms, Bloomberg reported, citing chairman Ashok Kumar Gupta as saying that the CCI looks to prevent misuse of data in all deals it assesses.

It will also consider if new criteria should be included in its assessment of the deal. Gupta reportedly added that factors such as strong network effects, high returns to scale, and access to large amount of data will incentivise firms to carry out anti-competitive conduct. Facebook’s regulatory filing to the CCI reportedly bats for the deal being pro-competition, and beneficial to kirana stores and local businesses.

In April, Facebook had bought the stake in Jio Platforms Limited, the parent company of Reliance Jio Infocomm Limited, making Facebook the largest minority shareholder in Jio Platforms. Facebook itself has 350 million users in India, and WhatsApp has over 400 million monthly active users.

In May, Reliance Industries’ home delivery service JioMart went live in major cities and in 200 towns. The much-touted WhatsApp integration, a key selling point for JioMart, doesn’t seem to be active yet for most parts of the country. Even in Navi Mumbai, where the service is already operating, the WhatsApp integration just links users to the JioMart website to place their order there instead.

Jio Platforms’ deal with Facebook is expected to bear fruit once WhatsApp is allowed to carry out UPI payments service, something that WhatsApp had piloted over two years ago, but has encountered regulatory hurdles ever since. WhatsApp likely has over 400 million active users in India. WhatsApp payments’ service was launched in Brazil on Monday.

Advertisement. Scroll to continue reading.

Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ