Amazon is holding initial talks with the Indian mobile operator Bharti Airtel to buy a stake of at least $2 billion, Reuters has said. Facebook recently invested around $5 billion in Jio Platforms, the country’s leading operator.
India has become the favorite destination of the great US tech companies to continue growing. Amazon plans to acquire 5% of the third operator in the country with 300 million customers, which will involve an investment of $2 billion.
The Seattle giant’s move comes at a time when India has become a strategic bet for big tech companies. A month ago Facebook acquired 10% of Jio Platforms for 5000 million.
The country offers enormous potential growth with a population of 1.3 billion people, who increasingly use the Internet.
Amazon In Talks To Buy 5% Stake Worth $ 2 Billion In Bharti Airtel
Amazon.com is in initial talks to buy a stake of at least $2 billion in mobile operator Bharti Airtel. The knowledgeable sources cited the story underscoring the growing attraction of India’s digital economy to American tech giants.
Amazon negotiates to buy participation in Bharti Airtel for US $ 2 billion.
Companies may also consider a business alliance to give Bharti customers cheap access to products. Amazon.com is in the early stages of a negotiation to buy a stake of at least $2 billion in Indian mobile phone operator Bharti Airtel.
If materialized, the operation would be a major shake-up in India’s digital economy.
The proposed investment would mean Amazon acquire a stake of approximately 5% based on Bharti’s market value and would boost India’s third largest telecommunications company in its bid to compete with the number one in the market, Reliance Jio.