New Delhi: After more than the RS 34,000 Crore investment in the Jio Reliance Jio Mukesh Ambani platform, the American Giant Giant Alphabet Inc.
can be well able to make “substantial investment, running to several thousand crores rupees”, to Bharti Airtel, to Bharti Airtel, the main rival Jio.
The Sundar Pichai-LED company is in the “Advanced Negotiation” with Airtel for “Matthew of almost a year”, and the size of the agreement can be “substantially large”, the top sources in knowing developments to TOI.
The contour of the partnership is being worked on for months as the top executive of both companies, and their internal and external teams and the M & A team struggle from better setting points.
Queries sent to Google and Airtel remain missed when they will press.
Also, Google did not answer the question of whether the agreement with Jio put the boundary on the company from making a tie-up with rivals.
If the Google-Airtel transaction is passed, it can be a great breath for Sunil Mittal, whose companies face intense competition in the cash telecommunications sector.
Ambani has disrupted the old industry financial model, making a sound – which gave 75% for industrial revenues later – completely free, while offering data with low-cost costs, pressure accumulates on airtels and other private players such as Vodafone India and cellular ideas.
Financial stress was installed after the Supreme Court’s decision on the AGR.
Airtel, whose council will meet on Sundays to consider fundraising plans, remain under pressure.
The company has a debt of almost Rs 1.6 lakh crore at the end of June and cannot raise fare freely.
The source says that there is an agreement with Google will be a mega trust amplifier for the company.
“Google entries add strength to the Airtel balance sheet.
Also, this helps the company strategically because Google brings innovation capabilities and strength in data analysis.
Google data monetization is far superior than other companies in the world, and can help airtel monetize the data much better to improve His realization and profitability, “said an anonymously, anonymity said.
However, analysts added that Google would need a “very strong reason” and a very convenient assessment to enter the airtel, which also caused a “strong risk” for anyone who came to the company.
“If there is something wrong tomorrow, your credibility (Google) on the market goes out even though it will be a limited obligation.
To save the name, the company must complete its contributions if airtel cannot move forward due to financial pressure and begins to slip.”
Google is now in talks to make a big investment in Airtel
