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Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)-owned Google will invest up to $1 billion in India’s second largest telecom operator Bharti Airtel, two years after Mark Zuckerberg-led Facebook’s — now renamed as Meta Platforms Inc’s (NASDAQ: FB) — mega funding in Reliance Jio Platforms. What Happened: The deal involves Google investing $700 million to buy a 1.28% stake in Airtel at a price of about $9.9 a share and also pump in up to $300 million toward potential multi-year commercial agreements, Airtel said in a regulatory filing on Friday.
...read full article on Benzinga
