Rarely has an Indian company raised so much money so quickly. In 84 days, the mobile operator Jio sold 32.9% of its capital to a dozen foreign investors for 18 billion euros. The ball started on April 22 with Facebook which spent 5.2 billion for 9.99% of Jio shares. Latest announcement to date: a Google stake of 7.7% for 4 billion euros. This contribution of new money will allow Jio to alleviate the debt accumulated for four years to develop its offer and attract 376 million customers at the price of a price war with its competitors.
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The company, which belongs to the Reliance Industries conglomerate, made a breakthrough on the telecoms market in 2016, breaking prices with 4G plans from 2 euros. Since then, Jio has become the leading operator with 32% market share according to the Telecom Regulatory Authority.
The entry into the capital of Facebook and Google as well as the pace with which Jio has
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