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Amazon In Talks To Invest $2 Billion In Bharati Airtel For Around 5 Per Cent Stake: Report
Bharti Airtel office building in Gurugram. (Pradeep Gaur /Mint via Getty Images)
In a move that could heat up India’s burgeoning telecom market, a Reuters report has suggested that Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel.
The move underscores the growing attraction of India’s digital economy for US tech giants. The investment, if completed, would lead to Amazon acquiring around 5 per cent share in Bharati Airtel, the third largest telecom operator in the country.
It should be noted that the move comes amid the enhanced interest by the global players in Mukesh Ambani led Jio Platforms.
Notably, over the last month, leading technology investors, such as, Facebook, Silver Lake, Vista, General Atlantic and KKR have announced aggregate investments of Rs 78,562 crore into Jio Platforms.
An Amazon spokeswoman reportedly said the company does "not offer comments on speculation of what we may or may not do in future."
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