Facebook-RIL deal to drive investors' confidence in India's telecom space

Experts tracking the space are of the opinion that the investment reposes global investors' confidence in India's telecom and broadband space

Facebook’s announcement to invest in Reliance Industries (RIL) is seen as a huge positive for the telecom sector in the country, especially for incumbents such as Bharti Airtel and Vodafone Idea.
 

Experts tracking the telecom space are of the opinion that the investment reposes global investors’ confidence in India’s telecom and broadband space.
 

“Optically, the deal fortifies Jio, but it also indicates that there is confidence in India’s telecom sector,” said Mahesh Uppal, an independent telecom sector expert.

 

“We should not be surprised