Data sharing only 'limited': Facebook assures CCI about Jio deal
Facebook invoked the Master Services Agreement signed between the two entities and said that the shared data will only be leveraged for eCommerce on JioMart
Facebook has stated that its investment in Jio will entail data sharing of a "limited" nature, which will only be leveraged for eCommerce on JioMart. The tech giant offered the assurance after the Competition Commission of India (CCI) expressed concerns about the telecom deal, stating any data sharing between the two that goes against competitive conduct would be flagged.
The tech company said that neither Jio Platforms nor Facebook will acquire each other's data. Facebook invoked the Master Services Agreement signed between the two entities which stated that no critical or confidential data will be shared for their benefit or to third parties.
CCI had earlier raised concerns about the nature of data sharing between Jio and Facebook since the former holds the largest market share among telecos in India and the latter rules the online ad space. Back in April, Facebook had announced that it will be investing Rs 43,574 Cr in Reliance Jio for 9.99% stake, making it the biggest FDA in India's technology sector.
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