Amazon to invest $2 billion in Indian mobile operator Bharti Airtel

Today, Reuters reported that Amazon is in discussions to invest $2 billion in Indian mobile operator Bharti Airtel. Airtel is the second largest network in India after Reliance Jio with more than 280 million subscribers.

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In April, Facebook announced that it has made an investment in Indian mobile operator Reliance Jio. Facebook invested $5.7 billion for a 9.99% stake in Reliance Jio. Last month, there was a report that Microsoft is planning to invest $2 billion for about 4% stake in Jio. Following Facebook’s investment last month in Jio, several other leading investment firms including KKR & Co., Silver Lake, Vista Equity Partners and General Atlantic also made similar investments in Jio.

Source: Reuters

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