US giant Amazon can invest about 2 billion dollars in Indian mobile company Bharti Airtel. The news agency Reuters has given this information by quoting at least three sources who are aware of the case.
Over the past few years, American companies have increased interest in India’s digital sector. Recently Facebook made India’s largest foreign direct investment in Reliance Jio.
Airtel is India’s 3rd largest Telecom Company
If this speculation turns into a deal, it would mean that Amazon will buy about 5 percent of Airtel’s stock. Airtel is India’s 3rd largest telecom company with over 30 crore subscribers.
It is being told that the discussion between the two companies is still in the initial stage and the terms of the deal may change by the end. When questioned about this, a company spokeswoman said that the company does not react to speculation.
At the same time, Airtel said that it keeps talking to different companies to take their products, content and service to the customers. Other than that there is nothing to react to.
Amazon is trying to strengthen its steps in India
Amazon is also looking at India as a big market for itself. The company has committed to invest $ 6.5 billion here, the main focus of which will be for the company to grow its e-commerce business.
Amazon Alexa has been consolidating its footsteps in India for some time through services such as Prime video streaming and cloud storage. Significantly, the growing number of smartphone and internet users in India is attracting many giants.