Google to invest $1 billion in Bharti Airtel

Tags: Economics/Business

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