Reliance’s fiber-optic business raises $1 billion from ADIA and PIF

Reliance Jio Platforms, the telecom venture run by India’s richest man (Mukesh Ambani), had 405.6 million subscribers in the quarter that ended in September, becoming the first operator outside of China to cross 400 million subscribers in a single-country market. The Facebook and Google-backed telecom operator said its finances have improved, too, despite the pandemic. … Continue reading Reliance’s fiber-optic business raises $1 billion from ADIA and PIF