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Amazon planning to buy $2 billion stake in Bharti Airtel: Sources

Shortpedia

Content Team
Image Credit: shortpedia

According to some sources, Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel. If the deal goes ahead, Amazon will acquire roughly 5% stake based on the current market value of Bharti, which is India’s third-largest telecoms company with more than 300 million subscribers. The talks between Bharti and Amazon are at an early stage and the deal terms could change.