{"id":41493,"date":"2020-06-05T14:29:47","date_gmt":"2020-06-05T14:29:47","guid":{"rendered":"https:\/\/new.igihe.com\/amazon-to-buy-stake-of-2-billion-in-airtel\/"},"modified":"2020-06-09T12:14:05","modified_gmt":"2020-06-09T12:14:05","slug":"amazon-to-buy-stake-of-2-billion-in-airtel","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/amazon-to-buy-stake-of-2-billion-in-airtel\/","title":{"rendered":"Amazon to buy stake of $ 2 billion in Airtel"},"content":{"rendered":"

Talks to buy Bharti Airtel’s shares are not far off, but analysts say the move by both sides will boost India’s technology economy.<\/p>\n

The agreement between the two companies is expected to give a 5% of Bharti Airtel stake to Amazon Inc. based on the state of the market these days. <\/p>\n

Bharti Airtel is ranked third in India’s telecommunications services industry with a strong rivalry with Reliance Jio.<\/p>\n

Some people told Reuters that the method Reliance Jio used to lead other telecommunications companies in India and Bharti Airtel could.<\/p>\n

Initially, Amazon had wanted to buy between 8-10% of Bharti Airtel shares. Just because the talks are still at the beginning [\u2026] the agreement may change or terminated.<\/p>\n

Amazon plans to immediately look at other money transfer options that will help Bharti Airtel customers get their products cheaply. <\/p>\n

An Amazon spokesperson declined to comment on the matter, as the agency he represents does not disclose information about what they will or will not do in the future.<\/p>\n

Only a statement from Bharti Airtel says it is already working with various technology companies that want to deliver their products and services to customers.<\/p>\n

Shares of Bharti Airtel in the financial and stock markets rose 6% on Thursday, June 4, after the publication of a talk show between them and Amazon. <\/p>\n

In the last six weeks, Jio company competing with Bharti raised $ 10 billion from investors including Facebook.<\/p>\n

Google’s Alphabet Inc. is also looking for ways to invest in India’s second Vodafone Idea in providing telecommunications services.<\/p>\n

Amazon is booming in the Indian tech market due to its rapid expansion as the country’s population is growing, reaching 1.3 billion.<\/p>\n

Amazon plans to invest $ 6.5 billion in online business and will make it easier to use Bharti’s Internet at a lower cost as long as the two companies reached an agreement.<\/p>\n

It was in December 2017 that Bharti Airtel, a subsidiary of Airtel Rwanda, bought all the shares of Tigo Rwanda, a subsidiary of Millicom International Cellular SA. The purchase agreement, signed in New Delhi, India, gave Airtel Rwanda a 100% stake in all Tigo Rwanda shares.<\/p>\n

Bharti Airtel is the world’s largest telecommunications company with more than 403 million customers in 18 African and Asian countries.<\/p>\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Amazon, a major technology company in the United States, has embarked on a journey to the broader Indian market, through the acquisition of shares of Bharti Airtel, which also has a branch in Rwanda.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[101],"byline":[170],"hashtag":[],"class_list":["post-41493","post","type-post","status-publish","format-standard","hentry","category-news","tag-internationl","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=41493"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41493\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=41493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=41493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=41493"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=41493"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=41493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}