Google to invest up to $1 billion in Bharti Airtel

Question : Who is CEO of Bharti Airtel ?
a) Nitin Paranjpe
b) Gopal Vittal
c) Sunil Mittal
d) None of these
Ans :b
Related Facts :

  • Alphabet Inc’s Google will invest up to USD 1 billion in Bharti Airtel in a move that could help bolster the Indian telecom operator’s digital offerings, the companies said in a BSE filing on Friday (January 28,2022)
  • Google announced plans less than two years ago to infuse USD 10 billion in India via its digitisation fund over five to seven years through equity deals and tie-ups.
  • In July 2020, Google invested $4.5 billion in India’s largest operator, Jio, owned by tycoon Mukesh Ambani.
  • In addition to buying a stake in Bharti Airtel, at 734 rupees ($9.77) per share, Google will invest up to $300 million for commercial agreements over the next five years.

By Pawan Mishra

Links :
https://www.forbes.com/sites/yessarrosendar/2022/01/28/google-to-invest-up-to-1-billion-in-indian-billionaire-sunil-mittals-bharti-airtel/?sh=1a1fd4bf4bc5