Huge Challenge for akash Ambani..!? google to invest in Airtel?

In the midst of fierce competition in the indian telecom sector, various challenges are looming. Especially after the arrival of jio, there is a lot of competition. In this situation, many telecom companies have left the market. Some existing companies are struggling with debt and competition. However, due to various factors like fundraising, increase in fees, and cooperation of the government, they have recovered to some extent. In this situation, the talk about the 5g service has arisen. It is a way to take the telecommunications industry to the next generation.
There is fierce competition between airtel and jio, amidst these various challenges. To overcome this competition, many companies are making tough effort. In that way Bharti airtel is also making efforts to raise funds amid tough challenges. For the investment, google was waiting approval from the Competition Commission of india (CCI). Also CCI has approved this transaction. Through multi-year commercial agreements, google is going to provide an amount of 300 million dollars. Through equity investment, the same 700 million dollars will be invested. Just like jio, google will also invest in Bharti Airtel. Through this, jio has acquired a 7.73% stake in the company. Affordable smartphone launch, and 5g service can be offered in india by the Bharti airtel - google alliance. Also, to improve cloud services in india, it has been said that google and airtel are working together. But, no official posts about this has been released. Investments similar like this, will also be a huge challenge for  Akash Ambani, reliance Jio's new chairman.
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akash ambani challenge

Sowmiya Sriram

01/07/2022 09:44 PM