With Facebook recently announcing an investment of $5.7 billion in India’s mainstream telecom operator, Jio Platforms, the PE firm Silver Lake, is following suit and ready to pay a premium.
Jio Platforms is the subsidiary of Reliance Industries with over 388 million subscribers.
Silver Lake’s investment includes:
Silver Lake, headquartered in Menlo Park and carrying $40 billion in committed capital and combined assets, has invested in many tech firms including Dell and Skype.
This year, it invested in Airbnb and Expedia on top of last March’s $1b investments in Twitter and Waymo.