Your browser is currently blocking notification.
Please follow this instruction to subscribe:
X
Notifications are already enabled.
X

Inc42 Shots | Amazon May Back Bharti Airtel With $2 Bn Infusion

The battle for a pie in India’s burgeoning telecom market heated up with reports suggesting that ecommerce major Amazon is reportedly in talks with Bharti Airtel to pump in $2 Bn in one of India’s leading telecom business.

According to sources quoted in a report by Reuters, Amazon is eyeing India’s digital economy with this investment in the telecom business. If completed, the transaction will give Amazon a roughly 5% stake based on the current market value of Airtel. As of now, Airtel has around 300 Mn telecom subscribers and is currently the third-largest telecom company in India, only before Reliance Jio and Vodafone Idea.

To read more, click here.

Message From Our Partner

Gain insights from sessions designed for your role and industry with AWS Summit Online 2020.

Author

Inc42 Staff