Bharti Airtel secures up to USD1bn Google investment

28 Jan 2022

Reuters reports that Google (Alphabet) is ploughing up to USD1 billion in Bharti Airtel as the Indian telco looks to strengthen its digital portfolio. In a statement today (28 January), the two companies confirmed that the cash injection includes a USD700 million equity investment – priced at INR734 (USD9.77) per share – and up to USD300 million for ‘commercial agreements’, including ‘investments in scaling Airtel’s offerings’. The share issue is subject to regulatory and shareholder approval. A separate report from Bloomberg says the share purchase will represent a 1.28% stake in Bharti Airtel.

India, Bharti Airtel, Google (Alphabet)