Amazon in talks to buy 5% stake worth $2 billion in Bharti Airtel: Report


Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India's digital economy.

The planned investment, if completed, would mean Amazon acquiring a roughly 5 per cent stake based on the current market value of Bharti and would give India's third-largest telecom company a boost as it seeks to compete against the number one player Reliance Jio.   “Jio has transformed.

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