After backing Reliance Jio, Google takes a bet on Airtel with $1 Bn investment
Shortpedia
Content Team
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Bharti Airtel has announced that Google will invest up to $1 Bn in the telecom major as part of its Google for India Digitisation Fund. The deal includes an infusion of $700 Mn via equity investment and $300 Mn towards potential multi-year commercial agreements. According to a regulatory filing, Airtel has allotted 71,176,839 equity shares at INR 734 per share to Google International LLC aggregating to INR 5,224 Cr.
