Mon. May 23rd, 2022

Later Investment $ 4.5 billion In Jio, India’s largest carrier, Google is now investing up to দ্বিতীয় 1 billion in Airtel, the second largest mobile operator. Airtel has announced. The partnership is focused on “Affordable Access to Smartphones” and is part of Google’s promise বিনিয়োগ 10 billion investment In the country. “Our commercial and equity investment in Airtel is a continuation of our Google for India Digitization Fund’s efforts to increase access to smartphones,” Google CEO Sundar Pichai said in a statement.

The deal includes an investment of $ 700 million to acquire 1.28 percent ownership of Airtel, with another $ 300 million earmarked for a potential commercial deal. In particular, Airtel and Google will work to expand Airtel’s Android device lineup through “innovative capability programs.” However, companies have not specified what these programs will include.

Airtel also said it would look at “larger strategic goals” with Google over 5G network standards, cloud ecosystems and more. “With our future ready network, digital platform, last mile delivery and payment ecosystem, we look forward to working closely with Google to enhance the depth and breadth of India’s digital ecosystem,” said Airtel Chairman Sunil Bharti Mittal.

Google had earlier teamed up with Jio for a low price of $ 87 on the JioPhone Next smartphone which went on sale on November 4. Delay Due to the global chip shortage. Jio has also received investments from Facebook and other companies.

With a huge number of potential internet users, Alphabet, Facebook’s core meta and others are looking to India for growth. Both tech giants have worked to bring internet connection to India, along with Alphabet Project Loon And through Meta Free Basics, which was later Forbidden In India.

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