News > Google to invest USD 1 bn in Airtel; to buy 1.28 pc stake for USD 700 mn
Google to invest USD 1 bn in Airtel; to buy 1.28 pc stake for USD 700 mn
Kashmir Vision | 28/01/2022 12:22 PM | Click to read full article
Internet major Google will invest USD 1 billion in telecom major Bharti Airtel which includes equity investment as well as a corpus for potential commercial agreements, to be identified and agreed on mutually agreeable terms over the course of the next five years.
Out of the total investment, USD 300 million will go towards implementing commercial agreements, which will include investments in scaling Airtel's offerings that covers a range of devices to consumers via innovative affordability programs.
