Google has announced on 28 January 2022 that it will invest USD 1 billion in the second largest telecom company in India Bharti Airtel. Of this USD 700 million will be invested by Google in the company to pick up a 1.28%stake in Airtel and the rest , USD 300 million will be invested over a period of time.
This is the second major investment of Google in a telecom company in India .In July 2020 it invested USD 4.5 billion in Reliance Jio to pick up a 7.73% stake in the company.
The investment of Google in the telecom companies is part of its India Digitisation Fund where it has committed to invest USD 10 billion in the next 5 to 7 years in India.
Google Chief Executive Officer (CEO): Sundar Pichai
Chairman of Bharti Airtel: Sunil Bharti Mittal
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