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perryizgr8
on Jan 22, 2021
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Loon’s final flight
I was curious how much Jio spent on creating their network and the answer seems to be approximately ₹1T or $14B.
black3r
on Jan 22, 2021
[–]
Which is approximately their parent company's yearly operating income. And then they sold 33% of Jio for $21B. (e.g. Google owns 7.7% of Jio for $4.7B).
I'd say it was a really good investment for them.
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