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Facebook Shops Telcos

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Facebook plans to invest $billions in India's Reliance Jio, a leading telecom company. The question is this: what would get Facebook interested in such a call in Nigeria/Africa?

Reliance  Jio, a three-and-a-half-year-old subsidiary of India’s most valued firm Reliance Industries, may have attracted the attention of an American giant: Facebook.

The social conglomerate is in talks to acquire a 10% stake in the Indian telecom operator, the Financial Times reported Tuesday. The size of the deal, the paper said, was in “multi-billion dollars.”