Verizon Communications & Amazon in talks for $4bn investment in Voda: Reports

According to media reports, a recent Supreme Court ruling granting mobile operators 10 years to clear AGR dues has put the talks back in motion

e4m by exchange4media Staff
Published: Sep 3, 2020 11:54 AM  | 1 min read

Verizon Communications and Amazon are learnt to have been considering investing over $4 billion in Vodafone, media networks have reported.

A recent Supreme Court ruling has granted mobile operators 10 years to clear AGR dues. This is learnt to have put the talks back in motion.

Google has been reportedly in talks with Vodafone Idea for buying a 5 per cent stake.

The mobile network service provider is said to still owe the Indian government dues to the tune of Rs 50,000 crore.

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