New Delhi: Bharti Airtel could soon receive an investment from Google that could amount to several thousand crores, according to media reports.
Both companies have been in advanced talks and negotiations since last year, according to media reports.
These reports suggest that Google’s investment in Airtel can be quite substantial.
It remains to be seen what the underlying dynamic is, as the partnership between Jio and Google may have come with a caveat to allow the latter to invest in any of their rival companies, including Airtel or Vodafone Idea.
Google had invested Rs 34,000 billion in Jio platforms.
Bharti Airtel is already looking for capital to invest in its 4G networks across the country to increase capacity. Jefferies believes the telecommunications company likely believes it needs a greater capacity network to hold any Vodafone Idea (Vi) customers that come its way, given that there is no urgent need to raise cash, Telecom Talk reported. Also Read: Teen Spends Rs 10 Lakh From Mother’s Account On PUBG And Flees Home
So a big investment by Google in the company can fix things for Bharti Airtel. It will allow the telecommunications company to smoothly pay off its debt to the government and continue to invest in 4G and 5G networks. Also read: Leaked! New technical specifications of the Royal Enfield Classic 350, features will be available prior to launch on September 1st
