wordpress blog stats
Connect with us

Hi, what are you looking for?

Saudi’s PIF looks to invest $1 billion in Jio’s fibre assets: Report

jio

Saudi Arabia’s Public Investment Fund (PIF) is in discussions with Reliance Industries to invest around $1 billion in Jio’s fibre assets, according to the Economic Times. PIF initiated the discussions after the Abu Dhabi Investment Authority (ADIA) re-engaged with Jio on a plan to invest about $1 billion in its pan-India fibre assets, the report said. It added that the talks may not necessarily culminate into a deal. The equity value of Jio’s fibre backbone is estimated to be around $8 billion, excluding liabilities, as per the report. Revenue streams from sales generated by third parties using the network are reportedly being finalised. The report said that half of Jio’s fibre capacity was to be used by its subscribers, while the remaining half by third-party users. PIF recently invested Rs 11,367 crore in Jio Platforms, as the telco attracted a flurry of investments, helping it raise a total of Rs 1,52,055.45 crore from external investors, including Facebook and Google. These are now all of Jio Platforms’s external investors: Investor [Stake%] Amount (₹) Facebook [9.9%] 43,574 crore (US$5.7 billion) Silver Lake (1, 2) [2.08%] 10,202.55 crore (US$1.34 billion) Vista [2.32%] 11,367 crore (US$1.5 billion) General Atlantic [1.34%] 6,598.38 crore (US$870 million) KKR & Co. Ltd. [2.32%] 11,367 crore (US$1.5 billion) Mubadala [1.85%] 9,093.60 crore (US$1.2 billion) Abu Dhabi Investment Authority [1.16%] 5,683 crore (US$747 million) TPG Capital [0.93%] 4,546.80 crore (US$600 million) L Catterton [0.39%] 1,894.50 crore (US$250 million) Public Investment Fund [2.32%] 11,367 crore (US$1.5 billion) Intel Capital [0.39%] 1,894.50 crore (US$250 million) Qualcomm Ventures [0.15%] 730 crore (US$97 million) Google [7.7%]…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Tata Restart website was using the trademark of Tata Sons and the image of Ratan Tata.

News

The hackers used the fake Facebook ads to target people based in European countries, specially male users, said the report

News

GPT-4 Turbo with Vision builds upon the foundation of the GPT-4 model, integrating the enhanced token outputs introduced in the Turbo model, and now...

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

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

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
Name:*
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