The amount includes a corpus of equity investments and potential commercial contracts
Bharti Airtel and Google announced on Friday 28 January 2022 that they will partner on a long-term multi-year agreement to accelerate the growth of India’s digital ecosystem. Under this agreement, Google will invest up to US $ 1 billion.
This amount is part of the US $ 10 billion Google for India Digitization Fund announced by Google and Alphabet Sundar Pichai CEOs in 2020, with equity investments in addition to a corpus of potential commercial contracts identified and agreed upon. included. In a statement, the two companies stated conditions that could be mutually agreed upon over the next five years.
Also read: Bharti Airtel 5G demo clock 100Mbps
They work together to provide best-in-class end-to-end products, meet customer needs, provide a quality customer experience, provide expertise, and address affordable, access, and digital inclusion issues. I will try to solve it.
The transaction includes an investment of US $ 700 million to acquire Airtel’s 1.28% ownership and an investment of up to US $ 300 million for a potential multi-year commercial transaction agreement. This partnership focuses on providing affordable access to smartphones beyond the price range and jointly builds on existing partnerships with use cases for 5G and other standard Indian-specific network domains. We will continue to consider creating and accelerating the cloud ecosystem of our business.All over India
This transaction requires the required regulatory approval.
India-specific network domain
The statement added that as part of the initial commercial agreement, Airtel and Google will work together to build a wide range of Airtels products covering a variety of Android-enabled devices for consumers through an innovative and affordable program. I did. The two companies will continue to work with different device manufacturers to explore further opportunities to remove barriers to owning smartphones at different price points.
Under the larger strategic goal of the partnership, the two companies may also use state-of-the-art implementations to jointly create use cases for 5G and other standard Indian-specific network domains. Airtel is already using Google’s 5G-enabled Evolved Packet Core & Software Defined Network platform and is considering expanding its deployment of Google’s network virtualization solutions to provide a better network experience for its customers. ..
Both companies will also focus on the formation and growth of India’s cloud ecosystem to accelerate the journey of digital transformation.
Bharti Airtel Chairman Sunil Bharti Mittal said Airtel and Google share a vision to increase India’s digital dividends through innovative products. We look forward to working closely with Google to expand the depth and breadth of India’s digital ecosystem with a future-proof network, digital platform and last mile distribution and payment ecosystem.
Pitchai said commercial and equity investments in Airtel will increase access to smartphones, strengthen connectivity to support new business models, and help companies on their digital transformation journey with the Google for India Digitization Funds. He added that it is a continuation of the efforts of.
Bharti Airtel’s share price rose 1.85% at BSE at 10:08 am, trading at 720.30 per share.
Google announced a US $ 4.5 billion investment in a 7.73% stake in the Mukesh Ambani-led Jio platform in 2020.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
- UK parliamentary committee presents plan to investigate Prime Minister Johnson June 30, 2022
- Trial ends with the shooting death of rapper Nipsey Hussle | Entertainment June 30, 2022
- The FDA Panel recommends updating the COVID-19 vaccine as the virus evolves. June 30, 2022
- The Duma moves forward with the proposed law banning foreign media June 30, 2022
- How to develop an “all mutant” COVID vaccine June 30, 2022