New Delhi: Google might soon invest in Bharti Airtel which could run into several thousands of crores.
Both the companies are already in an advanced stage of discussions and negotiations since last year, media reports said.
Jio and Google’s partnership might have come with a restriction for the latter to invest in any of its rival companies, including Airtel or Vodafone Idea. Google had invested Rs 34,000 crore into Jio Platforms.
Bharti Airtel is already looking to raise capital so that it can invest it on its 4G networks around the country to increase capacity, and Jefferies believe that since there’s no urgent need of raising cash, the telco is likely assuming that it will need a larger capacity network to hold all the Vodafone Idea (Vi) customers that come its way, Telecom Talk reported.
Thus, a large investment from Google into the company can set a lot of things for Bharti Airtel. It will allow the telco to smoothly pay off its debt to the government and also keep investing in 4G and 5G networks.