Friday, 24 March, 2023

Qatar Investment Authority in advanced talks to invest $1.5B in JioFiber

<p>Qatar Investment Authority&rsquo;s proposal to invest $1.5B in JioFiber is gathering pace, reported Mint. The deal talks between QIA and RIL are now at an advanced stage. RIL has already raised over $20M via Jio Platform&rsquo;s stake sales. It is now looking to monetize its fibre assets. As of now, Citigroup Global Market, Moelis and Co, ICICI Securities Ltd have proposed investments. RIL aims to take space in every sector. It is also confident of its 5G services.</p>