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Google to invest up to $1 billion in Indian telecom operator Airtel



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Google will invest $700 million in the second largest Indian telecom operator Airtel, the latest in a series of bets the company has made in the world’s second largest internet market as part of a $10 billion commitment to the country.
Google said it will invest $700 million to acquire a 1.28% stake in Airtel, which has amassed over 400 million subscribers in India and other markets, and pour in up to $300 million more to explore multi-year commercial agreements with the telco.
To begin with, the two firms said they will work to build on Airtel’s extensive offerings to cover a range of Android-enabled devices to consumers via “innovative affordability programs.” The companies also said they wi …

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