Just In
- 1 hr ago Motorola Edge 50 Fusion Renders, Specifications Leaked Online: Possible April 3 Launch
- 1 hr ago Samsung Galaxy Tab S6 Lite (2024) Goes Official; Coming to India?
- 1 hr ago Garena Free Fire Max Redeem Codes for March 26: Get Access to the Latest In-game Loot
- 2 hrs ago iPhone 14 All-Time Low Price: Get It for Rs 56,999 on Flipkart
Don't Miss
- Movies Madgaon Express Box Office Collection Day 4: Kunal Kemmu's Comedy Film Stays Steady During Holi Celebrations
- News Jailed Gangster Mukhtar Ansari's Health Deteriorates, Admitted To Hospital
- Sports IPL 2024: RCB Fans Take Decibel Level To 124 After Virat Kohli's Catch To Dismiss PBKS Opener Jonny Bairstow
- Finance Adani Buzz: Adani Ports Share Nears 1-Year High, To Acquire 95% Stake Of Gopalpur Port; BUY For Rs 1,562 TP
- Education JIPMAT 2024 Registration Begins; Know steps to apply
- Automobiles Honda City Facelift Hatchback Debuts – RS Variant, Turbo Petrol Engine & More
- Lifestyle What Is ‘Sexy Water' Trend? Is This New Tiktok Wellness Trend Really Worth The Hype?
- Travel Learn About the Types of US Visas Available for Indian Immigrants and the Visa Process
Google Likely To Invest In Airtel: Here's Why
After investing in Reliance Jio, tech giant Google is likely to invest in India's second-largest telecom operator Airtel. Google purchased a 7.73 percent stake in Jio platforms for Rs. 33,737 crores. Both Google and Jio are developing affordable 4G and 5G smartphones for the Indian market.
Notably, the company is in an advanced stage of discussion with the telecom operator for the last year. The Google and Airtel deal is expected to be large, reports TOI. Both companies have not shared their views on the same yet, but still, if the latter manages to get the investment, then the telco might clear some amount of dues.
Reliance Jio Disrupted Telecom Industry
It is worth noting that the free voice calls and affordable data prices of Reliance Jio disrupted the entire telecom industry. The voice calls used to contribute 70 to 75 percent of the total revenue of Airtel and Vodafone-Idea. In addition, the mounting adjusted gross revenue dues are affecting the sector and its financial condition is deteriorating.
"The entry of Google adds strength to the balance sheet of Airtel. Also, it helps the company strategically as Google brings in innovation capabilities and strength on data analytics. Google's data monetization is far superior to any other company in the world, and it can help Airtel monetize its data much better to improve its realizations and profitability," a top analyst was quoted by the publication.
Airtel Board Meeting On August 29
Meanwhile, Airtel is conducting a board meeting on August 29, 2021 (Sunday) to raise money so that it can play or clear all dues before the actual time. The company has to clear AGR and spectrum dues by the end of this financial year-end.
"We wish to inform you that a meeting of the board of directors of the company is scheduled on Sunday, August 29, 2021, to inter-alia consider various capital raising options through equity or equity-linked or debt instruments or any combination thereof, as the board may deem appropriate," Airtel said.
It is important to note that the Google and Airtel investment comes before the board meeting, which means there are high chances that the latter might announce something on that front.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
8,999
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
16,258
-
25,999
-
26,999