The FT report said Google had also been talking to Jio separately, citing one of the people above. Microsoft had said last year that it would provide cloud-computing services to businesses along with Jio. India is the biggest market for Facebook with 328 million monthly users and the company’s WhatsApp messaging app has 400 million users in the country, also the most in the world.
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A deal with Facebook will help Ambani achieve his ambition of cutting parent company Reliance Industries Ltd’s debt to zero by March 2021, the FT said. Reliance Industries aims to sell a 20% stake in its refining business to Saudi Aramco as part of this exercise. Ambani had spoken of plans to turn Jio into a separate company last year and said there was interest from potential investors at the time.