Airtel Selects IBM And Red Hat To Build 5G-Ready Open Hybrid Cloud Network

Bharti Airtel has selected IBM and Red Hat to build its new 5G-ready telco network cloud to support core operations, monetise the telco’s pan-India 4G network with the help of new services and be more competitive against main rival Reliance…

Airtel Dials IBM As Battle With Jio Heats Up

IBM on Monday announced a major deal with Bharti Airtel to build a new open hybrid cloud network that will be more efficient and flexible than what exists now, will enable new digital services, and be ready for emerging technologies…

Reliance’s Jio Platforms In Talks With General Atlantic, Other Foreign Funds For Stake Sale

Reliance Jio has cut three equity deals with three major investors in three weeks. First came the $5.7 billion stake sale to Facebook, making it the largest minority shareholder in Jio, followed by another 1.15 percent dilution to Silver Lake…

3 Deals In 3 weeks: Vista Equity Now Invests $1.5 Billion In Reliance Jio

Mukesh Ambani's Reliance Jio has been able to attract the third big investor - Vista Equity Partners - which is the world’s largest tech fund following its landmark deal with Facebook. Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound research…

Vista Stake Caps $8 Billion Deal Run for Asia’s Richest Man

Billionaire Mukesh Ambani is a man on a mission: to dominate India’s consumer Internet market -- from online retail to digital payments. He just sealed three deals in as many weeks to raise a combined $8 billion, including from Facebook…

Silver Lake Checks Into Jio Platforms, Snaps Up 1.15% For Over Rs 5,600 cr

Reliance Jio Platforms (Jio Platforms), a subsidiary of Reliance Industries (RIL), is selling 1.15 per cent stake to private equity (PE) firm Silver Lake for Rs 5,655.75 crore. The investment — the second in a fortnight - highlights its focus…

PE Giant Silver Lake That Backed Alibaba, Airbnb, Others Takes Reliance Jio Closer To IPO

American private equity giant Silver Lake Partners' investment in Reliance Jio comes in less than two weeks of the Facebook deal. Silver Lake has paid a 12.5 percent premium over Facebook. Its $750 million infusion in Jio Platforms takes the…

Silver Lake Investment A Shot In The Arm For Jio Platforms

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Reliance Jio Connects With Facebook For $5.7 Billion Equity Deal

Facebook and Reliance Jio hit the headlines early Wednesday morning, in a break from the daily lockdown news. Mark Zuckerberg announced in a Facebook post that the technology giant will acquire a 9.99 per cent stake in Jio Platforms Ltd (JPL) through a fresh issue of shares worth…

Facebook-Reliance Deal To Boost JioMart, Open Door For Small Businesses

India’s small and medium businesses (SMBs), which are struggling due to the covid-19 pandemic, got a shot in the arm on Wednesday with social media giant Facebook announcing a $5.7-billion investment in Jio Platforms Ltd, which is owned by Reliance…

Facebook Investment In Jio Is Deeper Than It Appears

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Facebook Results Deliver More Bad News For Newspapers

Sure, Facebook increasing its quarterly profit to over $2 billion in the three months ended 30 June, a mere six months after it hit $1 billion is significant, but there’s something even more important in the numbers presented by the…

Adobe To Strike Big In India

Many startups were waking up to the importance of compliance, Umang Bedi of Adobe tells Businessworld's Vishal Krishna. Five years ago Adobe Systems products were the favourite pirated downloads in India. At the same time, there were so many startups…