Google said in a statement Friday that it would invest $700 million in Bharti Airtel, India's second-largest telecom operator, and acquire a 1.28% stake in the company. An additional $300 million would be used for potential multi-year commercial agreements, the companies added. According to Airtel, the two companies want to work with device manufacturers to "bring down the barriers of owning a smartphone across a range of price points.
And unlike its more populous neighbor China, India has been welcoming huge amounts of investment from American tech: Facebook , Google, Amazon , Netflix and others have already invested billions of dollars into growing their Indian operations.Read MoreGoogle alone has already put up some serious cash in India, including a $4.5 billion investment two years ago in Jio Platforms, an Airtel rival that is part of billionaire Mukesh Ambani's tech empire.
The Indian are dancing on the streets….it’s good to have a Indian CEO….
silicon valley will shift to india
If your lies goes the top level, be sure you will win the CNN annual highest prize!!!
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