Airtel today announced that it signed a long-term, multi-year agreement with Google to accelerate the growth of India’s digital ecosystem. As a part of the deal, Google as a part of Google for India Digitization Fund will make an investment in Airtel, which will include a $700M equity investment (1.28% ownership in Airtel) and a corpus of up to $300M that will go towards implementing mutually agreed commercial initiatives over the course of the next five years. Continue reading “Google to acquire 1.28% stake in Airtel, invest up to $1 billion”