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Bharti Airtel, one of India’s communications solutions providers, and Google announced that they will partner on a long-term, multi-year agreement to...

Google invests $ 1 billion in Airtel as it looks to provide affordable smartphones, aid its 5G rollout, and drive cloud adoption.

Airtel has stated that it will use up Google’s investment to explore the affordable smartphone market, and this could mean better smartphone bundles for customers.

Both companies will also focus on shaping and growing the cloud ecosystem in India to accelerate their digital transformation journeys.

January 28, 2022 National Stock Exchange of India Limited Exchange Plaza, C-1 Block G Bandra Kurla Complex, Bandra ... | January 28, 2022

Tech giant Google will invest up to $ 1 billion in telecom services provider Airtel in a deal that includes investment of $ 700 million to acquire 1.28% ownership in the Indian company and up to $ 300 million toward potential multi-year commercial agreements.

Airtel has stated that it will use up Google’s investment to explore the affordable smartphone market, and this could mean better smartphone bundles for customers.

Indias No. 2 mobile-phone operator Bharti Airtel announced that it will receive a US$ 1 billion investment from Google as part of its Google for India Digitization Fund.

Airtel has announced that the investment from Google will be used to focus on access to affordable smartphones across price ranges, giving a blow to Reliance Jio that recently launched Jio Phone Next.

Google has decided to acquire a 1.28% stake in Bharti Airtel, India's second-largest carrier.