If an agreement is reached between Google and Airtel, it will be a great relief for the telecom company led by Sunil Mittal.
Mumbai : After making a big investment in Geo, Google is now considering investing in Airtel. If an agreement is reached between Google and Airtel, it will be a great relief for the telecom company led by Sunil Mittal. According to media reports, Bharti Airtel may soon get an investment of several thousand crores from Google. According to media reports, the two companies have been in a critical phase of discussions and negotiations for the past year. These reports suggest that Google’s investment in Airtel could be very high. (After Jio, Google now in talks to make huge investments in Airtel)
It remains to be seen what the built-in mobility is, as the partnership between Geo and Google may then impose restrictions on investing in any of their competitors, including Airtel or Vodafone Idea. Google had invested Rs 34,000 crore in the Geo platform. Bharti Airtel is already looking to raise money so that it can invest in expanding its 4G network capacity across the country.
Although Google and Airtel have not made any formal announcements about the alleged deal, top sources have informed TOI about it. A source close to the Google-Airtel deal told TOI that the arrival of Google has strengthened Airtel’s balance sheet. Also, this company helps the partner company strategically, as Google is better than any other big company in the world in terms of data analysis. It will also help Google Airtel better monetize their data to improve their realization and profitability.
According to a report by Telecom Talk, Jeffreys believes that since there is no immediate need to raise cash, the telecom company can assume that they will need a large capacity network to retain all of Vodafone Idea’s (Vi) customers. Thus Google’s huge investment in the company could decide a lot for Bharti Airtel. This will allow the telecom company to easily repay government loans, as well as invest in 4G and 5G networks.
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(After Jio, Google now in talks to make huge investments in Airtel)