Google to invest USD 1 bn in Airtel; to buy 1.28% stake for USD 700 mn

Internet giant Google will invest USD 1 billion in telecom major Bharti Airtel which includes equity investment as well as a corpus for potential commercial agreements, to be identified and agreed on mutually agreeable terms over the course of the next five years. Google made the investment as part of its Google for India Digitization Fund.

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