Alphabet Inc’s Google on Friday said it is investing up to $1 billion in Bharti Airtel, including $700 million to buy a 1.28% stake in India’s second-largest telecom operator.
In one of the first commercial agreements, Airtel and Google will collaborate in bringing more affordable smartphones that will be made with various device manufacturers. The two companies will also explore the 5G network technology for India. Airtel says that it currently serves over 1 million small and medium businesses in India with its enterprise connectivity offering, and aims to reach more through the deal.
“Airtel and Google share the vision to grow India’s digital dividend through innovative products. With our future-ready network, digital platforms, last-mile distribution, and payments ecosystem, we look forward to working closely with Google to increase the depth and breadth of India’s digital ecosystem,” Sunil Mittal, chairman of Bharti Airtel, said.
Mittal, who controls Bharti Airtel, was ranked the 12th richest person in India last year with a net worth of $14.8 billion, according toBharti Airtel says it has more than 480 million customers in 17 countries in South Asia and Africa.Imtiyaz Khan/Anadolu Agency/Getty Images
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'Spider-Man: No Way Home' Swings Past $1 Billion at International Box OfficeSpiderManNoWayHome swings past $1 billion at the international box office.
Baca lebih lajut »
EU aims to invest billions euros in chip push, EU's Breton saysThe European Union aims to invest tens of billions of euros to bolster its chip industry and double its share of global production to 20%, the bloc's industry chief said on Friday, after a global shortage showed the risks of relying on Asian and U.S. suppliers.
Baca lebih lajut »
With $2.65 Billion Deal, Fracking Tycoon Rees-Jones ‘Saved The Best For Last’Dallas billionaire Trevor Rees-Jones says he’s been running around “with my pants on fire” the last few weeks negotiating the $2.65 billion sale of Chief Oil & Gas to Chesapeake Energy.
Baca lebih lajut »
Bentley To Produce 1st EV In UKBentley commits to investing £2.5 billion in sustainability over the next ten years and secured its UK production of its first EV.
Baca lebih lajut »
America’s Top Givers 2022: The 25 Most Philanthropic BillionairesFrom Warren Buffett to newcomer Jeff Bezos, the nation's most generous billionaires have given away a collective $169 billion in their lifetimes–and are still richer than ever.
Baca lebih lajut »
Ark Invest Expects Bitcoin to Exceed $1 Million by 2030 — Says BTC Could Transform Monetary History – Markets and Prices Bitcoin NewsArk Investment Management (Ark Invest) has predicted that the price of bitcoin could surpass $1 million per coin by 2030. “Our research suggests that bitcoin has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed way,” Ark’s analyst added.
Baca lebih lajut »