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CCI reviewing Facebook-Reliance Jio deal

With this deal, both the firms are on a path to give competition to the e-commerce giants like Amazon and Walmart-backed Flipkart for a piece of the sector that KPMG believes is set to grow to $200 billion by the year 2027.

After Facebook, tech majors Google and Microsoft reportedly considering to buy stakes in Indian telecom firms

1. The move would not pit Sundar Pichai-led Google against Facebook which has poured in Rs 43,574 crore for 9.99 per cent stake in Reliance-led Jio Platforms. 2. Google's parent company Alphabet also held talks with Reliance Jio Platforms to acquire a slice of Jio Platforms but lagged behind. 3. The development between Google and financially-troubled Vodafone brings a sigh of relief as it has over Rs 53,000 crore in AGR dues.