A Bharti Airtel building in Gurugram on the outskirts of New Delhi, India, in 2016. – Reuters
NEW DELHI/HONG KONG: Amazon.com is in early-stage talks to buy a stake worth at least US$2bil (RM8.5bil) in Indian mobile operator Bharti Airtel, three people with knowledge of the discussions said, in a move that could turbocharge India's digital economy.
The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Bharti and would give India's third-largest telecoms company a boost as it seeks to compete against the number one player Reliance Jio.
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