Highlights

Google International LLC will be allotted 7.1 crore equity shares of Bharti Airtel on a preferential basis
Airtel to allot shares at Rs 734/share

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Google's billion dollar call to Airtel! The search giant now has a direct line to Jio & Airtel

Name: Google's billion dollar call to Airtel! The search giant now has a direct line to Jio & Airtel
Uploaded: 2022-01-28T10:57:46.000+05:30
Duration: T00M43S
Channel: EJ Biz Desk
Description: Google is dialling into Bharti Airtel with a billion dollars. The deal includes Google investing $700 million to acquire 1.28 per cent ownership in Airtel and up to $300 million towards potential multi-year commercial partnersh...

Google will acquire a 1.28% stake in Airtel for $700 million

Updated: Sep 02, 2022 10:53

EJ Biz Desk

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Google's billion dollar call to Airtel! The search giant now has a direct line to Jio & Airtel

Google is dialling into Bharti Airtel with a billion dollars. The deal includes Google investing $700 million to acquire 1.28 per cent ownership in Airtel and up to $300 million towards potential multi-year commercial partnership.

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Google will be allotted 7.1 crore equity shares of Bharti Airtel on a preferential basis at Rs 734 per share, aggregating to over Rs 5,200 cr.

Google already holds stake and is developing a smartphone with Mukesh Ambani's Jio. Google holds 7.73% stake in Jio Platform for which it paid over Rs 33,000 cr for in November 2020.

With the new investment the search giant has a direct line to India's top two telcos.