Google to invest upto $1 Billion in Bharti Airtel to boost country’s digital ecosystem
Indian telecom company Bharti Airtel and Google have announced a long-term partnership agreement on January 28, 2022 to accelerate the growth of India’s digital ecosystem. Alphabet Inc’s Google on Friday said it is investing up to $1 billion in Bharti Airtel, including $700 million to buy a 1.28% stake in India’s second-largest telecom operator, which is owned by billionaire Sunil Mittal.
Remaining USD 300 million will go toward multi-year commercial agreements with Airtel, including devices built together by the two tech giants. The USD 1 billion funding is part of Google’s USD 10 billion ‘Google for India Digitization Fund’, launched in 2020.
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