Amazon Quiz: As part of its India Digitization Fund, which global tech giant intends to invest up to $1 billion in Airtel?
Intel
Microsoft
Salesforce
Answer: Google
Google‘s $1 billion investment in Airtel is the latest addition to the internet giant’s Google for India Digitization Fund. This investment will be divided into two phases, with the main focus on the forthcoming 5G rollout that will affect us all, as well as the cloud environment for enterprises. Google becomes an outlier with this investment, having already invested in Reliance Jio — no other business has made stakes in the two telecom titans and arch-rivals in India.
The aim of this collaboration and investment is twofold: consumers (you and us), as well as driving 5G and cloud ecosystems, which will be critical for small and medium businesses. The discussion of devices stands out. As a result, we anticipate low-cost Android devices. Perhaps along the lines of the JioPhone Next, the ultra-affordable Android phone created jointly by Google and Reliance Jio.
“As a part of our first commercial agreement under this deal, we will work to scale Airtel’s extensive offerings that cover a range of devices to consumers via innovative affordability programs,” says Sanjay Gupta, Country Head & Vice President of Google India in an official statement. Google has been developing what it calls an India-focused Android experience, with the goal of connecting new users to the internet and providing content in their native languages.
The $700 million will be an equity investment in Airtel under the terms of the $1 billion deal. This translates into a 1.28 percent investment in Bharti Airtel. The $300 million investment will be spread out over the following few years for what are referred to as commercial agreements. These will include the potential and projected growth of low-cost Android phones as well as 5G network technology.
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