Facebook, which owns WhatsApp
and Instagram, will get a significant footing in the Indian telecom market if this deal goes through. It will be crucial for Facebook
as it has more users in India than any other single country. But the Indian telecom market has not been easy for the foreign players of late due to the adjusted gross revenue issue, which nearly forced the Vodafone group out of the country.
Moreover, the Personal Data Protection Bill will not make things easier for Facebook. The number of internet users in India is expected to rise to about 850 million in 2022, up from 450m in 2017, according to a PwC.
According to the report in FT, Google was also involved in talks with Jio for the purchase of stake. These developments have come to light after last Microsoft announced plans to partner Jio to offer cloud computing.