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Google will invest up to $1 billion in a partnership with Airtel as part of its Google for India Digitization Fund.

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.

As part of the deal Google will invest USD 700 million to acquire 1 28 per cent stake in Bharti Airtel at a rate of Rs 734 per share The US headquartered technology giant will also invest USD 300 million toward potential multi year commercial agreements

Bharti Airtel and Google on Friday announced a multi-year agreement to boost Indias digital ecosystem, with Sundar Pichai-led tech giant investing $700 million to acquire 1.28 per cent ownership in Airtel and up to $300 million toward commercial agreements.

Bharti Airtel and Google have partnered by signing a multi-year agreement to accelerate the growth of India’s digital ecosystem and enable affordable smartphone culture back to the nation.

Bharti Airtel and Google on Friday announced a multi-year agreement to boost Indias digital ecosystem, with...

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.

The $700 million equity investment in Bharti Airtel is at a price per share of Rs 734, while $300 million will go towards investments in scaling Airtels offerings that covers a range of devices to consumers.

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