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Amazon in talk with buy $2 billion stake in Bharti Airtel: Sources

Byindianadmin

Jun 4, 2020 #Airtel, #sources
Amazon in talk with buy $2 billion stake in Bharti Airtel: Sources

Amazon is in early-stage talk with purchase a stake worth at least $2 billion in mobile operator Bharti Airtel, 3 sources with understanding of the matter told Reuters, highlighting the growing attraction of India’s digital economy for U.S. tech giants.

The prepared investment, if completed, would imply Amazon obtaining a roughly 5%stake based on the present market value of Bharti, which is India’s third-largest telecom company with

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