June 04 - 13:06
Amazon in talks for $2 billion stake in Bharti Airtel
India's flourishing telecoms industry looks set to attract more investment from Silicon Valley. Amazon is in talks to take a $2 billion stake in Bharti Airtel, the country's second biggest carrier. This comes after Facebook and Google made big bets on Jio Platforms and Vodafone Idea respectively. Amazon would acquire a 5% stake in the company. It has invested a total of $6.5 billion in India.
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