JIO which is also known as Joint Implementation Opportunities is a Telecom network company that’s located in Mumbai,Maharashtra, India. Jio and Facebook through a contract valued at Rs 43,574 crore investment Facebook shall be Reliance Jio’s largest minority shareholder. It is reported that this was accompanied by a pact between WhatsApp and Reliance Retail to boost the latter’s JioMart platform.
Through the contract Jio obtains easier access to hundreds of millions of users across WhatsApp, Facebook and Instagram, financial and technological muscle, and a better balance sheet. On the other hand Facebook get access to over 370 million Jio subscribers.