IndianMascot
Core Member
Amazon is in early-stage talks to buy a stake worth at least $2 billion in Bharti Airtel, three sources with knowledge of the matter said, underscoring the growing attraction of India's digital economy for US tech giants.
The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Airtel, India's third-largest telco with more than 300 million subscribers.
The discussions between Amazon and Bharti come at a time when global players are placing major bets on the digital arm of Reliance Industries, which owns Bharti's telecom rival Jio.
The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Airtel, India's third-largest telco with more than 300 million subscribers.
The discussions between Amazon and Bharti come at a time when global players are placing major bets on the digital arm of Reliance Industries, which owns Bharti's telecom rival Jio.
