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Jio and facebook Deal: Mukesh Ambani and Mark Zuckerberg make deal of $5.7 billion

Facebook Jio deal Mukesh Ambani and Mark ZukerbergFacebook and Jio make a deal today that gives social media a great massive market. Facebook has acquired a 9.99 percent stake in Mukesh Ambani's digital operation Reliance Jio, the telecom arm of Reliance industries Ltd for USD 5.7 billion (about RS 43574 crore), in a deal that puts the pre-money enterprise value of jio platforms at Rs 4.62 lakhs.

 Here's the statement by Managing Director of Jio Shri Mukesh D. Ambani in a video telecast by economic times on youtube.

"My fellow Indians, Namaskar. I trust that all of you are safe and well. I am here to share with you some exciting news today. All of us at Reliance and Jio are delighted to welcome Facebook Inc. as our long term and esteemed partner. At the core of our partnership is the commitment that Mark Zuckerberg founder of facebook and I share for the all-around digital transformation of India and for serving all Indians. Together, our two companies will accelerate India's digital economy to empower you, to enable you and to enrich you. Our partnership will be a great catalyst to make India the world' leading  Digital Society. Over the past few years, Facebook, WhatsApp and Instagram Have become household names in India. WhatsApp,  in particular , has entered our people's daily vocabulary in all the 23 official languages of India. WhatsApp is not just ba digital application. It has become aapka aur ham sabka, pyara dost. A friend who brings together families, friends, businesses, information-seekers and providers. The combined power of Jio's world-class digital connectivity platform AND Facebook's intimate relationship with the Indian people, will offer innovative new solutions to each one of you. In the very near future, Jio Mart - Jio digital new commerce platform, and WhatsApp - empower nearly three crore small Indian Kirana Shops to digitally transect with every customer in their neighbourhood.This means all of you can order and get faster delivery of day-to-day items, from nearby local shops. At the same time small Kiranas can grow their businesses and create new employment opportunities using digital technologies. And in the days to come this winning recipe will be extended to server other key stakeholders of Indian Society. Our kisans, our small and medium enterprises, Our students and teachers, Our healthcare providers, and above all Our women and youth, who form the foundation of a New India. Our visionary and most respected Prime Minister Shri Narendra Modi has set two ambitious goals in his 'Digital India' Mission 'Ease of Living' for all Indians,especially for the common Indians nas 'Ease of doing business' for all entrepreneurs, especially for the small entrepreneurs. Today I assure you that the synergy between Jio and Facebook will help realise these two goals. Finally, I take this opportunity to wish each and everyone of you good health and safety in the current extraordinary situation in India and around the world. We are all in this together, and together we will overcome this pandemic Corona Harega, India Jeetega! With our collective efforts India will surely emerge stronger, healthier and better. Thank and Jai Hind"

These are the words from Mukesh Ambani on Facebook-Reliance Jio deal. He conclude that this deal deal may be results into the growth of Prime Minister Digital India and Ease of living missions. At closing he encourage the nation and world to emerge stronger healthier and better in this pandemic.

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