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Amazon, Verizon likely to invest more than $4 billion in Vodafone Idea

Shortpedia

Content Team
Image Credit: Shortpedia

According to some reports, U.S. wireless carrier Verizon Communications and e-retail giant Amazon are likely to invest $4 billion for a stake in India's Vodafone Idea Ltd. The shares of Vodafone rose by 10% after the report. The key announcement comes a day after the Supreme Court in its order gave the telecom firms 10 years to settle government dues. Vodafone is yet to respond to the queries related to the investment.