Silicon Valley has poured billions into India since the start of the year, with Facebook and Google leading the charge with investments of $5.7bn and $4.5bn respectively.
Chipmakers Qualcomm and Intel also struck deals in the country, along with a string of leading US tech-focused private equity firms.
All of these investments went to one company: Jio Platforms, the telecom-and-digital services arm of Mukesh Ambani’s sprawling energy-to-retail conglomerate Reliance Industries, which has in four years grown into India’s largest telecoms operator, with 388m users.
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