Amazon in talks to acquire $2 billion stake in Bharti Airtel: Reports

If the investment goes as planned, Amazon would acquire a 5% stake in the current market value of Bharti

e4m by exchange4media Staff
Updated: Jun 5, 2020 9:09 AM
Amazon

Global e-commerce giant Amazon is reportedly in talks to acquire a $2 billion stake in Indian mobile operator Bharti Airtel.

If the investment goes as planned, Amazon would acquire a 5% stake in the current market value of Bharti, which has more than 300 million subscribers in India.

Amazon is the latest among a slew of global players -- which includes Facebook, Google & Microsoft -- who have shown interest in investing in India’s booming telecom market.

Reports also suggest that the talks are in the initial stages and are highly confidential at the moment.

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