Campaign India Team
Jun 18, 2020

Facebook-Jio deal under Competition Commission of India's scanner

Access to data could be a potential stumbling block

If a decision isn't arrived at in 210 days, the deal is considered to be allowed to go ahead.
If a decision isn't arrived at in 210 days, the deal is considered to be allowed to go ahead.
The Competition Commission of India (CCI) is reviewing Facebook's 9.9 per cent stake purchase in Reliance Jio according to various media reports.
 
The reports claim that the CCI wants to ensure it prevents misuse of data in this deal, as with all other partnerships it looks at.
 
If a decision isn't arrived at in 210 days, the deal is considered to be allowed to go ahead. 
 
Facebook is one of many investors Jio has attracted since April 2020.
Source:
Campaign India