Verizon, Amazon may invest over $4 billion in Vodafone Idea: Report

Topics Vodafone Idea | Verizon | Amazon

US wireless carrier Verizon Communications Inc and Inc may invest more than $4 billion for a stake in India's Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10 per cent.

Vodafone Idea's stake-sale talks had been paused pending the outcome of a court hearing in India, which created uncertainty and could have threatened Vodafone Idea's survival, Mint reported, citing two unnamed people aware of the negotiations. But Amazon and Verizon are set.

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