Google will invest up to $1 billion in partnership with Indian telecommunications company Bharti Airtel as it seeks to boost its presence in one of the world’s last great untapped digital markets
Alphabet Inc.’s Google will invest up to $1 billion in partnership with Indian telecommunications company Bharti Airtel Ltd. , part of efforts to build its presence in one of the world’s last great untapped digital markets.
Google will pay $700 million for a 1.28% stake in New Delhi-based Bharti Airtel and invest up to $300 million in multiyear commercial deals, the companies said Friday. The partnership will focus on enabling affordable access to smartphones and growing the cloud ecosystem for businesses across India, among other pursuits, they said.
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