India’s second-largest telecom operator Bharti Airtel recently announced that Google will invest up to $1 billion in the company to boost India’s digitization journey. The investment will be part of the “Google for India Digitization Fund” and will see the Mountain View giant invest $700 million to acquire 1.28% of Airtel and up to $300 million for multi-year commercial agreements, as per reports.
“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,” said Sunil Bharti Mittal, the Chairman of Bharti Airtel.
