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

Google to invest up to $1 bn in Bharti Airtel; stock price up

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.

Google will invest USD 1 billion in partnership with Airtel to improve connectivity in India with a special focus on 5G and affordable smartphones, the two companies said in a joint statement on Friday.

/PRNewswire/ -- According to the study conducted by Astute Analytica, the Global Network-as-a-Service Market was valued at US$ 15,326.9 Mn in 2021 and is...

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.

/PRNewswire/ -- According to the study conducted by Astute Analytica, the Global Network-as-a-Service Market was valued at US$ 15,326.9 Mn in 2021 and is...

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