New Delhi: Google will invest up to $ 1 billion in partnership with Airtel India to provide affordable access to smartphones to more than one billion Indians and accelerate the use of cloud-based computing for business, the two companies said on Friday.
Investment will help Indian small businesses adopt digital tools because India works to adopt digital education, payments and e-commerce in the middle of a pandemic, Google said in blog posts.
Safe! You have managed to throw your voteogin to see part of “Google for Indian digitization funds” which was launched in 2020, Google will pay $ 700 million to obtain 1.28% of Airtel shares.
It is also committed to $ 300 million for the commercial agreement for the next five years, said Airtel in a statement.
The company also plans to jointly develop software for 5G and other standards, he said.
Airtel is a provider of Indian global communication solutions with more than 480 million customers in 17 countries in South Asia and Africa.
Google services are accessed by more than 100 million users in India.
It has faced legal issues with the Indian Competition Commission which said the company has misused the dominant position of its Android system in the smart TV market segment.
The regulator argues that smart TV makers do not have an alternative to Android and hence it is obliged to install the Google application.
Google has denied any violations, saying the practice of its periments obeys the law.