Friday, 24 March, 2023

Amazon in early-stage talks to buy $2bn stakes in Bharti Airtel

<p>Amazon is said to be in early-stage talks of investing $2bn in Bharti Airtel, acquiring a 5% stake based on the current market value of Bharti. This investment will help Airtel to compete with India&#39;s largest telecom company, Reliance Jio. The deal terms, however, could change later or can even be called off. In that case, the firms can involve in commercial transactions that allows Airtel users to have cheap access to Amazon products.</p>