Facebook is reportedly in talks with Reliance Jio to acquire a 10 per cent stake in the telco. However, the discussions have currently been paused due to travel restrictions across the globe citing COVID-19 outbreak.

The deal is learnt to be a multi-billion dollar one.

The deal can help Reliance Industries Limited in cutting its debt to zero by March 2021.

As per industry sources, apart from Facebook, Jio is also in separate talks with Google.