Google to invest $1 bn in India's number two mobile operator
-
Oil rallies, stocks drop as Trump dampens Mideast hopes
-
Nexperia's China unit nears fully local production of chips: company sources
-
Indonesia issues fresh summons for Google, Meta over teen social media ban
-
Japan axe coach Nielsen 12 days after winning Women's Asian Cup
-
French President Macron lands in South Korea after Japan visit
-
India's says defence exports hit 'all-time high' of $4 bn
-
Nielsen leaves as Japan coach weeks after winning Women's Asian Cup
-
Too bright: Seoul to dim digital billboards after complaints
-
Iran vows 'crushing' attacks on US after Trump threats
-
Women's Asian Cup finalists accuse governing body over equal money
-
French president Macron heads to South Korea after Japan visit
-
Armenia's underground salt clinic at centre of alternative medicine debate
-
'Muted' international response as Senegal enacts same-sex relations law
-
Slow boat to Ilulissat: long nights on Greenland's last ferry
-
Wemby rampant again as Spurs rack up 10th straight win
-
Ukrainian death metal band growls against Russia's war
-
Iran fires missiles at Israel after Trump threatens weeks of strikes
-
Surging 'Jewish terrorism' in West Bank condemned but unpunished
-
England's Brook, Bethell warned after New Zealand nightclub incident
-
What's real anymore? AI warps truth of Middle East war
-
Europe to negotiate with NASA on lunar missions: ESA
-
Trump tells US that Iran war victory near, but vows big strikes
-
Poppies offer hope in fire-scarred Los Angeles
-
Trump says Iran war almost over, warns of weeks more heavy strikes
-
Oil rallies, stocks tumble as Trump says US to hammer Iran further
-
US Republicans announce deal to end partial government shutdown
-
Trump tells Americans that Iran war ending as popularity dips
-
7.4-magnitude quake off Indonesia kills one, tsunami warning lifted
-
Bordeaux-Begles' Van Rensburg 'not thinking' about Champions Cup double
-
Eagle Plains Partner Refined Energy Completes Drill Program at Dufferin West
-
U.S. Polo Assn. Supports Division I National Intercollegiate Championship, Showcasing the Future of the Sport of Polo
-
Sky Quarry's Nevada Refinery Gains Strategic Value as Brent Crude Surpasses $110 and West Coast Refining Capacity Shrinks
-
Healthy Extracts Reports Preliminary 2025 Results, Net Revenue Expected Up 45% to Record $4.5 Million
-
Helix CXM Acquires DRGN Studios to Accelerate AI-Powered Revenue Operations
-
Gamma Resources Commences Aerial Photogrammetry Survey at Green River, Utah
-
LLM Consensus Matches or Outperforms the Best AI Models in Expert Evaluation Without Performance Degradation
-
Multiple Geophysical Datasets Support Increased Target Dimensions at Hank Copper-Gold Discovery, HWY 37 Project, Golden Triangle
-
Former Prosecutor With 50+ Trials Joins Razavi Law Group as Firm Expands Trial Capabilities
-
66% of Leaders Don't Trust Their Productivity Data, New Global Study Finds
-
Algo Grande Reports Results from Completed Phase I Drill Program at Cerro Grande Skarn
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - April 02
-
Caledonia Mining Corporation Plc-Issue of Securities Pursuant to Long Term Incentive Plan Awards and Issue of New Long Term Incentive Plan Awards
-
Caldwell Expands Consumer Practice with Addition of Domenic Falzarano in Dubai
-
The Smart Money Is Quietly Moving - a Rare Window in Electric Infrastructure May Not Stay Open for Long
-
US automakers report mixed sales as car market awaits war impact
-
Astronauts begin NASA lunar mission after climactic blast-off
-
Astronauts blast off for historic US lunar journey
-
Embattled Woods won't captain 2027 Ryder Cup team: PGA of America
-
Judge allows Woods to travel overseas for treatment
-
Chelsea's Bompastor furious as Arsenal reach women's Champions League semis
Google to invest $1 bn in India's number two mobile operator
Google will invest up to $1 billion in India's second-largest mobile operator, Airtel, the companies said Friday, as the Android-maker looks to bolster its presence in the vast nation's booming telecoms market.
The global tech giant will buy a $700 million stake in billionaire Sunil Mittal's Bharti Airtel, giving it 1.28 percent ownership, the firms said in a joint statement.
Up to $300 million more will be invested in "mutually agreeable" commercial projects over the next five years, including exploring opportunities to "bring down the barriers of owning a smartphone" in the price-conscious market.
"We are proud to partner on a shared vision for expanding connectivity and ensuring equitable access to the internet for more Indians," Sundar Pichai, the Indian-born chief executive of Google parent Alphabet said in a statement.
Google already holds a 7.7-percent stake in Indian market leader Reliance Jio, owned by Asia's richest man, Mukesh Ambani, following a $4.5-billion investment in 2020.
The two companies collaborated on a 4G-enabled, low-cost smartphone that launched in November last year.
Jio has been locked in fierce competition with Airtel and British telecoms giant Vodafone's local unit Vi since it kicked off a price war in 2016 by offering dirt-cheap internet and free calls.
L.Adams--AT
