Friday, 24 March, 2023

Airtel acquires 25% stake in desi tech startup Lavelle Networks

<p>Just days after receiving a $1B investment commitment from Google, Bharti Airtel has announced an agreement to buy a 25% stake in Bengaluru-based tech startup Lavelle Networks for an undisclosed sum. The agreement is part of the telco&#39;s Airtel Business unit&#39;s strategy to address enterprises&#39; emerging connectivity needs as they migrate to the cloud and accelerate digital adoption. The agreement, according to Airtel, is subject to applicable statutory approvals.</p>