According to a newreport
[] byReuters, Amazon is looking to snap up a stake in India?s third-largest mobile
operator,Bharti Airtel
[]is still in early-stage stalks
and the value of the deal is said to be worth at least $2 billion. This report
comes on the heelsFacebook acquiring a 10% stake in Reliance Jio
[] last month, and areport
[]that states
even Google is mulling of acquiring a stake in Vodafone Idea.

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A $2 billion investment roughly translates into a5% stakein Bharti Airtel, given
its current market value. But since the deal is still at an early stage, the
deal terms could change, and there is a possibility that an agreement may not be

The news of this possible deal comes at a time when Reliance Jio ? the largest
telecom company in India ? has been attracting investments from companies around
the world. In the last month or so, Reliance Jio has attracted 5 major
investments worth INR 78,562 Crore from Facebook and KKR, amongst other

The telecom sector in the industry was in a precarious position before the start
of the COVID-19-induced lockdowns. But the increase in reliance on mobile data
has proven to be the knight in shining armour for telcos who have seen an
increase in ARPU
[] sincedata consumption is on a rise
The Reliance-Facebook deal was claimed by many industry experts to have a
positive impact on the industry in terms of valuation and raising fresh funds.

In fact, this is what a Vodafone Idea executive toldBusiness Standard
[] :

?The Reliance-Facebook deal will encourage other telcos to seek similar tie-ups,
given that the tide is turning for the sector. Besides, telecom players will
also benefit from the rising demand for data in the post-Corona world, and at
least 10 per cent rise in tariffs during the second half of the current
financial year.?

Amazon considers India to be an important market and has committed $6.5 billion
in investments to expand its presence across verticals such as e-commerce, OTT,
and grocery delivery.

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