FB-Jio deal a positive; concerns around flouting of net neutrality, data safety norms unfounded: BIF

Facebook’s decision to invest USD 5.7 billion (about Rs 43,574 crore) in Jio Platforms is a big positive for India’s digital services sector, and any apprehension that net neutrality or data protection norms may be flouted or consumer interest harmed, is “erroneous and far-fetched”, industry body BIF said on Monday.

The announcement, coming as it does, in the midst of the gloom of the global coronavirus pandemic and its resultant economic fallout, underlines resilience and strong outlook for the sector, despite the trying times faced by the industry presently, said the Broadband India Forum (BIF), a policy forum and think-tank.