Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)-owned Google will invest up to $1 billion in India’s second largest telecom operator Bharti Airtel, two years after Mark Zuckerberg-led Facebook's — now renamed as Meta Platforms Inc’s (NASDAQ:FB) — mega funding in Reliance Jio Platforms.
What Happened: The deal involves Google investing $700 million to buy a 1.28% stake in Airtel at a price of about $9.9 a share and also pump in up to $300 million toward potential multi-year commercial agreements, Airtel said in a regulatory filing on Friday.
