Google investing $1 billion in Airtel

[Sushubh]

Airtel and Google partner to help grow India’s digital ecosystem

Airtel and Google partner to help grow India’s digital ecosystem

www.airtel.in

 

[mikrotik]

This is huge!

 

[Tejas01]

Wouldn't Jio be unhappy about it?

 

[Sushubh]

Moving forward on the path to India’s growing digital ecosystem

Announcing an important update that builds on a key focus area of the Google for India Digitization Fund: enabling more affordable access to the internet for every India…

blog.google

Today, we are excited to share that we are making an investment in Bharti Airtel as part of the Google for India Digitization Fund, which will include a $700M equity investment and a corpus of up to $300M that will go towards implementing mutually agreed commercial initiatives over the course of the next five years.

As a part of our first commercial agreement under this deal, we will work to scale Airtel’s extensive offerings that cover a range of devices to consumers via innovative affordability programs. Under the larger strategic goals of the collaboration, both companies will also plan to co-create India-specific network domain use cases for 5G and other standards, and also focus on shaping and growing the cloud ecosystem in India by helping accelerate the digital transformation journeys of small and medium businesses across the country.

 

[igloo]

Why not poor vi. They could have brought govt stake.

 

[pankaj]

Funds for 5G.

 

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[VaGhan]

Investments are done where there are profits. And when Google is investing, I have a hard feeling that this is gonna revolve around personal data/privacy as data is the new oil

 

[pillaicha]

Why not poor vi.

Because any money pumped into Vi atm will only go into repaying old loans and bonds. Nothing will go towards Capex. That's why no one is interested in Vi. This is Vi's own doing.

 

[socrates]

Decoding the Google-Airtel Deal | What is in it for the companies?

While this might be a beneficial partnership to both Airtel and Google, experts pointed out that the $700-million investment might not bring in any change of fortune for the telecom major, with execution being key.

www.moneycontrol.com

customers just get a passing mention which probably means they are the target to get used.

 

[minuteman]

Google to invest USD 1 billion in Airtel

Internet giant to buy 1.28 per cent stake for USD 700 million

www.telegraphindia.com

The Google-Airtel deal and its implications in India

The Google-Airtel deal will counter Microsoft Azure and Amazon Web Services in Indias cloud space by bringing online lakhs of small and medium businesses—a stronghold of the Indian telecom major.

economictimes.indiatimes.com