Tag Archives: Airtel

Airtel said on Monday it is launching a credit card, the latest attempt from the Google-backed Indian telecom operator to make inroads with financial services as it looks to expand its offerings in the world’s second largest internet market. The network, managed by billionaire Sunil Mittal, said it has inked a strategic partnership with Axis Bank, the nation’s third-largest private sector bank, to co-launch what they are describing as “a first-of-its-kind” credit card. The… Source link

Google will invest as much as $1 billion in the Indian telecom operator Airtel, the latest in a series of bets the search giant has made in the world’s second largest internet market as part of a $10 billion commitment to the country. Google said it will invest $700 million to acquire a 1.28% stake in Airtel, the second largest telecom operator in India with over 300 million subscribers, and pour up to $300 million more to explore multi-year commercial agreements… Source link

A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India April 21, 2016. REUTERS/Adnan Abidi Register now for FREE unlimited access to Reuters.com Register BENGALURU, Jan 28 (Reuters) – Alphabet Inc’s Google (GOOGL.O) will invest up to $1 billion in Bharti Airtel (BRTI.NS) in a move that could help bolster the Indian telecom operator’s digital offerings, the companies said on Friday. The… Source link

India’s second-largest service provider, Bharti Airtel, is in the news for two reasons. The company has come up with rights issues to raise funds for the upcoming 5G battle and to bring down its debt. Further, rumors are circulating that the internet giant Google is in talks with Airtel to invest in the company. There is strong speculation in media reports about a possible investment by Google in Bharti Airtel. Google has earlier invested in Airtel’s rival, Jio Platforms, the parent… Source link

New Delhi: A top Bharti Airtel executive said the adjusted gross revenue (AGR) issue was more or less behind it, but the telecom operator still needed some clarity from the government over what was the actual amount to be paid from here on, given the Rs 18,000 crore it had already paid upfront. The telco has yet to make a decision on filing a curative petition seeking a correction in the computation of its AGR-based dues, said the executive, who spoke to ET on the condition of anonymity. “I… Source link