Google is investing another $1 billion in India's smartphone market

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!!!

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

POC-Founded Fintech Raises $1.8M In VC To Help The Food Truck IndustryA love of street food led to a fintech startup that helps food truck entrepreneurs manage their businesses and food lovers find their favorite truck. The pandemic accelerated the growth of Goodfynd leading to it raising a venture capital seed round quickly.
منبع: ForbesWomen - 🏆 477. / 51 ادامه مطلب »