Google to invest $1 bn in Airtel to boost India play
2 years, 10 months ago

Google to invest $1 bn in Airtel to boost India play

Hindustan Times  

Google will invest as much as $1 billion in Bharti Airtel Ltd, India’s second-biggest telecom services provider, as the Internet giant redoubles efforts to increase smartphone access and accelerate digital transformation in the world’s second-most populous nation. People walk by a Google sign on the company's campus in Mountain View, California Alphabet Inc., the parent of Google, will buy a 1.28% stake in Bharti Airtel for $700 million and invest $300 million over the next five years in commercial arrangements in the areas of affordable mobile devices, 5G network and cloud technologies. Google’s investment is aimed at developing the digital infrastructure in India, which will, in turn, generate demand for its products and services, including cloud computing, mobile devices, apps and digital Google’s latest move follows a $4.5 billion investment in RIL’s digital unit, Jio Platforms Ltd, in July 2020. “As part of the first commercial agreement, Airtel and Google will work together to build on Airtel’s extensive offerings that cover a range of Android-enabled devices to consumers via innovative affordability programmes,” the carrier said.

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History of this topic

Bharti Airtel signs 'multi-billion' dollar 4G, 5G equipment deal with Ericsson
3 weeks ago

Bharti Airtel signs 'multi-billion' dollar 4G, 5G equipment deal with Ericsson

India Today  

India's Bharti Airtel on Wednesday signed a "multi-billion" dollar deal with Swedish telecom equipment maker Ericsson ERICb.ST to boost its 4G and 5G coverage in the world's second-largest smartphone market. Demand from India's 5G market started to skyrocket in 2023, as Bharti Airtel and Jio, the telecom unit of Reliance Industries, started to scale up 5G services. Ericsson, Bharti Airtel's …

Google hires ex-Apple executive Mitul Shah to lead Pixel's sale and expansion efforts in India
Trending News
4 weeks ago

Google hires ex-Apple executive Mitul Shah to lead Pixel's sale and expansion efforts in India

India Today  

In a strategic move aimed at strengthening its presence in India's premium smartphone market, Google has appointed former Apple India executive Mitul Shah as the Managing Director for its devices and services business in the country. Shah, who previously led consumer sales at Apple India, brings over nine years of experience in the tech industry and is now roped in …

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market
1 month, 2 weeks ago

Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market

Live Mint  

Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise about 85 billion rupees in the local-currency bond market, according to people familiar with the matter. If successful, it will be Bharti Telecom’s largest-ever rupee issuance, according to data compiled by Bloomberg. The borrowing is coming days after India’s second-largest wireless carrier Bharti Airtel Ltd., in which …

Bharti Enterprises Picks Up Altice UK's 24.5% Stake In BT Group; Details
4 months, 1 week ago

Bharti Enterprises Picks Up Altice UK's 24.5% Stake In BT Group; Details

News 18  

Bharti Enterprises has agreed to buy around 24.5 per cent stake in BT Group from the British telecommunication firm’s top shareholder, Altice UK, the company said in a stock exchange filing on Monday. “We welcome investors who recognise the long-term value of our business, and this scale of investment from Bharti Global is a great vote of confidence in the …

Airtel, Google partner to deliver cloud solutions to Indian businesses
7 months, 1 week ago

Airtel, Google partner to deliver cloud solutions to Indian businesses

New Indian Express  

NEW DELHI: Bharti Airtel and Google Cloud announced a long-term collaboration on Monday to deliver cloud solutions to Indian businesses. Google Cloud will provide its cutting-edge suite of cloud solutions, enabling Airtel's customers to leverage the latest technologies and streamline their operations. These unique solutions will drive greater value to Airtel’s customers and will include geospatial analytics solutions with advanced …

Rajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for ₹5,850 crore
9 months, 2 weeks ago

Rajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for ₹5,850 crore

Hindustan Times  

Singapore Telecommunications on Thursday said it has sold a 0.8% stake in Bharti Airtel for S$950 million to U.S. investment firm GQG Partners. SingTel, through its unit Pastel, sold 49 million or 0.8% of the outstanding shares in Airtel, also effectively reducing its stake in the telecom operator by 0.8 percentage points, it said in a statement. "The Group is …

Google set to invest USD 1 billion in UK data centre
11 months ago

Google set to invest USD 1 billion in UK data centre

India TV News  

Google will reportedly invest 1 billion US dollars for building a data centre just outside of London, confirmed a U.S. technology giant, in its latest investment in Britain as it meets to grow the demand for internet services in the region. The data centre, located on a 33-acre site that was bought by Google in 2020, will be located in …

Google bets on digital payments to tap India's vast SME sector
1 year ago

Google bets on digital payments to tap India's vast SME sector

Live Mint  

Google is betting on digital payments and wants to tap into the SME sector in India. Sanjay Gupta, country head and vice president of Google India, in an conversation with Mint, outlined the company's future direction and revenue models. I joined Google four years back, and this is one of the most exciting times in India. In the last three …

Google investing USD 10 billion in India's digitisation fund: Pichai tells PM Modi
1 year, 6 months ago

Google investing USD 10 billion in India's digitisation fund: Pichai tells PM Modi

Deccan Chronicle  

WASHINGTON: Internet giant Google is investing USD 10 billion in India's digitisation fund, its CEO Sundar Pichai has told Prime Minister Narendra Modi, a step that will recognise India's leadership on fintech and will support small and large businesses in India, the US and around the world. Pichai met Prime Minister Modi here on Friday and also announced the opening …

Google to invest 10 Billion in India's digitisation: Sundar Pichai after meeting Modi
1 year, 6 months ago

Google to invest 10 Billion in India's digitisation: Sundar Pichai after meeting Modi

Deccan Chronicle  

Washington, DC: After meeting Prime Minister Narendra Modi in Washington, DC on Friday, Google and Alphabet CEO Sundar Pichai said that Google is investing USD 10 billion in India's digitisation fund, adding that PM Modi's vision for Digital India serves as a blueprint for other countries. "PM's vision for Digital India was way ahead of his time I now see …

Indian Government plans action against Google after antitrust breaches
1 year, 7 months ago

Indian Government plans action against Google after antitrust breaches

The Hindu  

India's government plans to take action against Alphabet Inc.'s Google after an antitrust watchdog last year found the group to have abused its market position by indulging in anti-competitive practices, a top IT minister told Reuters. India's antitrust body in October fined Google $275 million in two cases, which involved abusing its dominant position in the Android operating system market, …

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?
1 year, 10 months ago

Bharti Airtel Shares Fall Even After It Posts 92% Jump in Net Profit; Should you Buy?

News 18  

Telecom major Bharti Airtel stock fell around 2 per cent in early deals after it announced its Q3 results, which missed analyst estimates. Bharti Airtel reported 92 per cent surge in consolidated net profit at Rs 1,588 crore for the quarter ended December 2022 as against Rs 830 crore in the same quarter of the previous year, helped by the …

Airtel has no plans to introduce 5G premium pricing
1 year, 11 months ago

Airtel has no plans to introduce 5G premium pricing

The Hindu  

Telecom operator Bharti Airtel has plans to invest ₹27,000-₹28,000 crore in telecom network with a focus on 5G rollout, a company official said on Wednesday. When asked whether Airtel will look at charging a premium for 5G services, the official said that the premium price for 5G has not worked anywhere in the world and the company is also not …

Google CEO Sundar Pichai meets PM Modi
2 years ago

Google CEO Sundar Pichai meets PM Modi

Firstpost  

Pichai earlier today said that the company is focussing on startups from India and out of its USD 300 million for the startups, around one-fourth will be invested in entities that are led by women New Delhi: Google CEO Sundar Pichai today met Prime Minister Narendra Modi. Look forward to continuing our strong partnership and supporting India’s G20 presidency to …

\'India is a part of me\': Google CEO Sundar Pichai after receiving Padma Bhushan
2 years ago

\'India is a part of me\': Google CEO Sundar Pichai after receiving Padma Bhushan

Deccan Chronicle  

Washington: “India is a part of me and I carry it with me wherever I go," Google and Alphabet CEO Sundar Pichai has said, as he received the prestigious Padma Bhushan award from the Indian envoy to the US. It is incredibly meaningful to be honoured in this way by the country that shaped me," 50-year-old Pichai said while accepting …

Airtel to Launch 5G Services This Month, Cover Every Town by 2024: MD Vittal
2 years, 4 months ago

Airtel to Launch 5G Services This Month, Cover Every Town by 2024: MD Vittal

News 18  

New Delhi: Telecom operator Bharti Airtel will start rolling out 5G services this month and cover all towns and key rural areas of the country by March 2024, a senior company official said on Tuesday. Vittal said the company's capital expenditure will remain around the existing levels and played down the need for buying premium spectrum in the 700 megahertz …

CCI Approves Google International's 1.28% Stake Buy In Bharti Airtel
2 years, 5 months ago

CCI Approves Google International's 1.28% Stake Buy In Bharti Airtel

News 18  

The Competition Commission of India on Friday said it has approved the proposed acquisition of a 1.28 per cent stake by Google International in Bharti Airtel. “The Acquirer and the Target have executed an Investment Agreement per which the Acquirer proposes to acquire a minority and non-controlling stake of 1.28 per cent of equity share capital in the Target. Bharti …

Google backs India's ShareChat in $300 mn funding round at $5 bn valuation
2 years, 6 months ago

Google backs India's ShareChat in $300 mn funding round at $5 bn valuation

The Hindu  

The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. This is Google's second key investment in India's short video space, having previously backed Josh, which …

Bharti Airtel acquires minority stake in cloud networking solutions firm Cnergee Technologies
2 years, 7 months ago

Bharti Airtel acquires minority stake in cloud networking solutions firm Cnergee Technologies

The Hindu  

New Delhi: Bharti Airtel on Wednesday said it has acquired a “strategic minority stake” in Mumbai-based cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Program. As per information shared with the stock exchange, Bharti Airtel has acquired approximately 7 per cent stake in Cnergee Technologies at “mutually agreed pre-money enterprise valuation. The said valuation is not disclosed …

Google Is Going To Invest $9.5 Billion For Offices, Data Centers In US This Year
2 years, 8 months ago

Google Is Going To Invest $9.5 Billion For Offices, Data Centers In US This Year

News 18  

– Alphabet Inc's Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska and Virginia. Google will continue to invest …

Airtel to spend Rs 1.17 lakh crore on various businesses with subsidiaries over a period of 5 years
2 years, 10 months ago

Airtel to spend Rs 1.17 lakh crore on various businesses with subsidiaries over a period of 5 years

India TV News  

Highlights Bharti Airtel has plans to spend about Rs 1.17 lakh crore through business transactions The company will hold an extraordinary general meeting of the members of the company on February 26 Bharti Airtel will spend Rs 88,000 crore in business with mobile tower company Indus Towers Telecom operator Bharti Airtel has plans to spend about Rs 1.17 lakh crore …

Bharti Airtel to acquire 25% stake in technology startup Lavelle Networks
2 years, 10 months ago

Bharti Airtel to acquire 25% stake in technology startup Lavelle Networks

The Hindu  

Bharti Airtel on Monday said it would acquire 25% equity stake in Bengaluru-based technology startup, Lavelle Networks, which specialises in Software-Defined Wide Area Network solutions. “As part of its NaaS portfolio, Airtel will offer software defined connectivity solutions from Lavelle Networks and co-create a host of innovations as part of its NaaS platform. This also aims to bring “Made in …

The widening scope and relevance of Google’s Digitization Fund for India
2 years, 10 months ago

The widening scope and relevance of Google’s Digitization Fund for India

Hindustan Times  

Google’s announcement of a $1 billion investment in Airtel is the latest expansion for the tech giant’s Google for India Digitization Fund. The India focus for Google hasn’t been restricted to just the Digitization Fund for India The focus for this partnership and investment is two pronged – consumers, that’s you and us, as well as push 5G and cloud …

Airtel, Google's $1 billion deal: What it means for smartphone buyers
2 years, 10 months ago

Airtel, Google's $1 billion deal: What it means for smartphone buyers

India Today  

Today marks an important day for India’s leading telecom company, Bharti Airtel. It said the partnership will allow Airtel to “build on Airtel’s extensive offerings that cover a range of Android-enabled devices to consumers via innovative affordability programs.” This essentially means Airtel will navigate opportunities in the market where it can offer affordable phone bundles to customers. Airtel’s offers for …

Google to invest USD 1 bn in Airtel; to buy 1.28 per cent stake for USD 700 mn
2 years, 10 months ago

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

Deccan Chronicle  

New Delhi: 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. "This will comprise- USD 700 million equity investment in Bharti Airtel at a price per …

Google to invest up to $1 billion in Airtel as telco eyes affordable smartphone market
2 years, 10 months ago

Google to invest up to $1 billion in Airtel as telco eyes affordable smartphone market

India Today  

Airtel has announced Google has made an investment of up to $1 billion, which is more than Rs 7,500 crores, into the telecom arm as the race for affordable smartphones intensifies. Google's fresh interest in Airtel will allow the telecom company to navigate the affordable smartphone market more easily where it can focus on different aspects across price ranges. Airtel …

Airtel partners with Google to enable affordable smartphone in Indian digital ecosystem
2 years, 10 months ago

Airtel partners with Google to enable affordable smartphone in Indian digital ecosystem

India TV News  

Highlights The partnership will focus on enabling affordable smartphones across the price ranges Deal includes an investment of 700 million USD to acquire 1.28%* ownership in Airtel Google to invest upto $1Billion for its Google for India Digitalization Fund Bharti Airtel and Google announced their partnership on a long-term, multi-year agreement to accelerate the growth of India’s digital ecosystem. ● …

Bharti Airtel hikes prepaid tariff by up to 25%
3 years, 1 month ago

Bharti Airtel hikes prepaid tariff by up to 25%

The Hindu  

Bharti Airtel on Monday announced it was raising prepaid tariffs by up to 25% with effect from November 26, reasoning that the move had been necessitated by the need to increase mobile revenues so as to safeguard the business's financial health. “Bharti Airtel has always maintained that the mobile Average Revenue Per User needs to be at ₹200 and ultimately …

Reliance Jio And Sundar Pichai’s Google Work Together On The Same Mission: Technology For The Masses
3 years, 6 months ago

Reliance Jio And Sundar Pichai’s Google Work Together On The Same Mission: Technology For The Masses

News 18  

Reliance Jio and Google have further strengthened their partnership with a bunch of initiatives announced at the 44th Annual General Meeting of Reliance Industries Ltd. This year, the two companies are working together for the super affordable JioPhone Next 4G smartphone and the 5G partnership between Jio and Google Cloud. At the remarks delivered during the RIL AGM, Google and …

Working closely with Jio to build affordable smartphone: Google CEO Sundar Pichai
3 years, 6 months ago

Working closely with Jio to build affordable smartphone: Google CEO Sundar Pichai

India TV News  

Google CEO Sundar Pichai on Thursday said the company continues to engage closely with partner Jio on the initiative of building an affordable smartphone and that work is underway on the project. "Google is also looking at new opportunities to deploy funds from its USD 10 billion India Digitisation Fund, and will make some announcements later this year," Pichai said …

Google working closely with Jio to build affordable smartphone, says CEO Pichai
3 years, 6 months ago

Google working closely with Jio to build affordable smartphone, says CEO Pichai

Live Mint  

Google CEO Sundar Pichai on Thursday said the company continues to engage closely with partner Jio on the initiative of building an affordable smartphone and that work is underway on the project. Google had picked up a 7.7% stake in Jio Platforms for ₹33,737 crore last year and had also entered into a commercial agreement with Jio Platforms to jointly …

Google Pixel 5a 5G Launch Confirmed: Will Indian Smartphone Buyers Get it Too?
3 years, 8 months ago

Google Pixel 5a 5G Launch Confirmed: Will Indian Smartphone Buyers Get it Too?

News 18  

The Google Pixel 5a 5G is reportedly set to launch, after multiple reports claimed that the launch of the smartphone was cancelled. While reports had previously spotted a Bureau of Indian Standards certification listing of the Pixel 5a 5G to believe that Google would be launching its next Pixel phone in India, the same now seems doubtful, and Google’s new …

Tata Communications Announces Partnership With Google Cloud to 'Transform' Indian Businesses
3 years, 10 months ago

Tata Communications Announces Partnership With Google Cloud to 'Transform' Indian Businesses

News 18  

Tata Communications on Tuesday announced partnership with Google Cloud to drive cloud adoption and transform Indian businesses. The partnership will enable organisations to deploy and access Google Cloud services through Tata Communications’ IZO managed cloud. “As organisations migrate to Google Cloud, they need a partner that will support them across their entire IT ecosystem and deliver a unified cloud management …

Bharti Airtel posts Rs 854 cr profit after six straight quarters of loss
3 years, 10 months ago

Bharti Airtel posts Rs 854 cr profit after six straight quarters of loss

India TV News  

Telecom operator Bharti Airtel on Wednesday posted a consolidated net profit of Rs 854 crore in the third quarter ended December 2020, mainly on account of high revenue customers and increase in subscriber base in India. Bharti Airtel reported the highest-ever consolidated quarterly revenue of Rs 26,518 crore, up 24.2 per cent from Rs 21,344 crore in the corresponding quarter …

BharatPe topples Google Pay to become 3rd largest player in merchant UPI payment space
4 years ago

BharatPe topples Google Pay to become 3rd largest player in merchant UPI payment space

India TV News  

BharatPe on Tuesday said that it has become the third-largest player in the merchant UPI payment acceptance space. The company, in a statement, said it has been outgrowing the market and has doubled its market share in the UPI P2M merchant payment acceptance category since April 2020. The volume of transactions processed by BharatPe standalone last month is greater than …

Jio-Google 4G Android phone to launch in first quarter of 2021
4 years ago

Jio-Google 4G Android phone to launch in first quarter of 2021

India Today  

Reliance Jio partnered with Google earlier this year to work on low-cost Android smartphones. "Jio Platforms Limited has allotted equity shares to Google International LLC, following which Google International holds 7.73 per cent of the fully diluted equity share capital of Jio Platforms," Reliance Jio said earlier this month. At Reliance's virtual annual general meeting in July, Reliance CEO, Mukesh …

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr
4 years, 1 month ago

Google-Jio deal: CCI clears Google picking up 7.73% stake in Jio Platforms for ₹33,737 cr

Live Mint  

The Competition Commission of India has said that it has approved Google picking up 7.73% stake in Mueskh Ambani-led Jio Platforms for ₹33,737 crore, facilitating the internet major and Jio Platforms Ltd to develop and launch Android smartphones in India. Taking to Twitter, the watchdog wrote, "Commission approves acquisition of 7.73% equity share capital of Jio Platforms by Google." 14th …

FB, Google bet on Jio pact to tap into opportunities in India; plan to take solutions global
4 years, 4 months ago

FB, Google bet on Jio pact to tap into opportunities in India; plan to take solutions global

India TV News  

Tech giants Facebook and Google - which have invested in Mukesh Ambani's Jio Platforms - are keen on leveraging the partnership to cash in on the fast growing business opportunity in India and expand the learnings to other countries as well. Referring to the investment in Jio Platforms, Facebook CEO Mark Zuckerberg said the partnership "will be to wire up …

Google, Jio Platforms to jointly develop an entry-level affordable smartphone for India
4 years, 5 months ago

Google, Jio Platforms to jointly develop an entry-level affordable smartphone for India

Firstpost  

Google will make optimisations to the Android operating system and the Play Store for the affordable smartphone. At the Reliance AGM Meeting 2020, RIL chairman Mukesh Ambani announced that Google will be picking up 7.7 percent stake in Jio platforms for Rs 33,737 crore. As part of the investment, Google and Jio Platforms have entered into a commercial agreement to …

Google to invest USD 4.5 billion in Reliance Jio, for a 7.7% stake
4 years, 5 months ago

Google to invest USD 4.5 billion in Reliance Jio, for a 7.7% stake

Op India  

Google’s parent company Alphabet Inc has become the latest high-profile organisation to invest in India’s telecom giant Reliance Jio Platforms. Mukesh Ambani, the Chairman of Reliance India chairman on Wednesday confirmed that Google will invest over Rs 33,737, or USD 4.5 billion for a 7.7 per cent stake in Jio Platforms taking the string of investments well over Rs 1,52,000 …

Google to pick 7.7% stake in Jio for ₹33,737 crore
4 years, 5 months ago

Google to pick 7.7% stake in Jio for ₹33,737 crore

The Hindu  

Google has agreed to invest ₹33,737 crore to buy a 7.7% stake in Reliance Industries’ technology venture, adding to a slew of investments since April that has crossed ₹1.52 lakh crore. California-based Alphabet Inc joins Facebook Inc, which opened the investment cycle in Jio Platforms by picking 9.99% stake for ₹43,573.62 crore, as well as chipmaker Intel Corp and Qualcomm …

Google For India: Sundar Pichai announces investment of Rs 75,000 crore in India over the next 5-7 years
4 years, 5 months ago

Google For India: Sundar Pichai announces investment of Rs 75,000 crore in India over the next 5-7 years

Firstpost  

Pichai says Google will make this investment through a mix of equity investments, partnerships, and operational infrastructure in the ecosystem. Expanding on the investment plan further, Pichai said that with the Google For India Digitisation Fund, investments will be done in four key ways: Enabling affordable access and information to every Indian in their own language Building new products and …

Google’s ₹75,000-Crore Push Under Digital Innovation Fund To Accelerate India’s Digital Economy
4 years, 5 months ago

Google’s ₹75,000-Crore Push Under Digital Innovation Fund To Accelerate India’s Digital Economy

ABP News  

Today at #GoogleForIndia we announced a new $10B digitization fund to help accelerate India’s digital economy. We’re proud to support PM @narendramodi’s vision for Digital India - many thanks to Minister @rsprasad & Minister @DrRPNishank for joining us. https://t.co/H0EUFYSD1q — Sundar Pichai July 13, 2020 Google’s investment in the country will be initiated through equity investments and tie-ups which will …

Google's $10 billion bonanza for India
4 years, 5 months ago

Google's $10 billion bonanza for India

India Today  

Google CEO Sundar Pichai has committed a $10 billion investment in the Indian digital space over the next five-seven years, a move that promises to give the sector a huge boost. The investment, Pichai said, will be made through the ‘Google for India Digitisation Fund’ and will focus on four key areas—expanding internet to Indian-language users, bringing more small and …

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