Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Amazon may invest $2 billion (Rs. 15,000cr) in Airtel: Report
  • Business

    Amazon may invest $2 billion (Rs. 15,000cr) in Airtel: Report

    Shubham Sharma
    Written by
    Shubham Sharma
    Twitter
    Last updated on Jun 04, 2020, 05:36 pm
    Amazon may invest $2 billion (Rs. 15,000cr) in Airtel: Report
  • After Facebook's multi-billion-dollar investment in Jio Platforms, e-commerce giant Amazon is moving to strike a deal with its competitor - Bharti Airtel.

    According to a report in Reuters, the Jeff Bezos-led conglomerate is in talks with the leadership at Airtel to buy a stake worth at least $2 billion.

    Here is all you need to know about it.

  • In this article
    Early stage talks in progress However, terms could change in the future India's booming internet market is drawing big tech players Microsoft may also be planning an investment in Jio No comments from Amazon or Airtel yet
  • Report

    Early stage talks in progress

    Early stage talks in progress
  • Multiple sources familiar with the developments at both the companies confirmed to Reuters that Amazon is in 'early-stage' talks to buy a stake in Airtel.

    They said that the online shopping giant is planning to invest at least $2 billion in the Indian telco but emphasized at the same time that nothing is confirmed at this stage.

  • Caveats

    However, terms could change in the future

    However, terms could change in the future
  • The sources noted that the terms of the deal could change in the future or the companies may not even reach an agreement.

    But, if it moves ahead, it means Amazon will be acquiring roughly 5% of India's third-largest telecom company, with a subscriber base of more than 300 million (at the time of writing).

  • Attraction

    India's booming internet market is drawing big tech players

  • The deal also shows that India's booming telecom and internet market has become an attractive prospect for American tech giants.

    Facebook has already bought a 9.99% stake in Jio Platforms, which controls the country's biggest telecom company Reliance Jio Infocomm.

    Then, separately, Google is said to be in talks to buy a stake in Vodafone Idea, the second-largest telco in India.

  • Information

    Microsoft may also be planning an investment in Jio

  • Along with this, Microsoft is also rumored to be mulling an investment worth as much as $2 billion in Jio Platforms. The Reliance-owned company has been on a money-raising spree and has sold stake worth $10 billion through multiple deals in the last few weeks.

  • Comments

    No comments from Amazon or Airtel yet

  • That said, as of now, neither Amazon nor Airtel has shown any sign of the deal progressing.

    Amazon's spokesperson said the company does "not offer comments on speculation of what we may or may not do in future."

    Meanwhile, Airtel said they routinely partner with digital players to take their products to customers, but "beyond that, there is no other activity to report."

  • Bharti Airtel
  • India
  • Microsoft
  • Facebook
  • Reuters
  •  
Latest News
  • 'Mumbai Saga' trailer: A screaming John locks horns with Emraan
    'Mumbai Saga' trailer: A screaming John locks horns with Emraan
    Entertainment
  • Facebook COO Sheryl Sandberg pens 'open love letter' to fiance
    Facebook COO Sheryl Sandberg pens 'open love letter' to fiance
    Entertainment
  • Ameesha Patel accused of fraud, gets two weeks to respond
    Ameesha Patel accused of fraud, gets two weeks to respond
    Entertainment
  • IPL 2021: BCCI eyeing several venues to conduct the tournament
    IPL 2021: BCCI eyeing several venues to conduct the tournament
    Sports
  • Redmi Note 10 smartphone's design, cameras revealed in first look
    Redmi Note 10 smartphone's design, cameras revealed in first look
    Science
Related Timelines
  • NewsBytes Briefing: Walmart-Microsoft team up for TikTok deal, and more
    NewsBytes Briefing: Walmart-Microsoft team up for TikTok deal, and more
    Science
  • Reliance could buy Milkbasket, Urban Ladder in e-commerce push
    Reliance could buy Milkbasket, Urban Ladder in e-commerce push
    Business
  • NewsBytes Briefing: Twitter 'error' keeps users from tweeting, and more
    NewsBytes Briefing: Twitter 'error' keeps users from tweeting, and more
    Science
Trending Topics
Bharti Airtel Mukesh Ambani Flipkart WhatsApp Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Flipkart Virat Kohli
Rohit Sharma Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman
Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest
Mercedes Barcelona La Liga Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Bharat Bandh Deadpool
Marvel Comics Avengers Neha Kakkar Premier League
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021