Created By Vineetha Sampath.
Google will invest up to $1Billion in Bharti Airtel as part of its Google for India Digitization Fund. The partnership comprises a $700 million (Rs. 5,224.4 crores) equity investment in Bharti Airtel at a price per share of Rs. 734. Another $300 million will be used over the next five years on multiple commercial agreements, which will include Airtel’s plans to make smartphones more affordable to empower almost 350 million feature phone users in India.
The partnership aims to achieve this through innovative affordability programs that will accelerate digital inclusion across India.
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