Google invests $1 billion in Airtel
The Morning Standard|January 29, 2022
To pick 1.28% stake in Airtel for $700 m over 5 years; puts $300 m for multi-year pacts
RAKESH KUMAR

IN what appears to be a bid to stop Mukesh Ambani-owned Jio’s unrelenting run in the telecom market, Bharti Airtel has tied up with Google in a deal that will see the US tech giant investing up to $1 billion in India’s second largest telecom company.

The deal includes investment of $700 million to acquire 1.28% ownership in Airtel over the next five years and up to $300 million toward potential multi - year commercial agreements.

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