Google likely to invest thousands of crores in Airtel after investing Rs 34,000 crore in Reliance Jio

Google had invested a whopping Rs 33,737 crore in Reliance industries digital subsidiary, Jio Platforms Ltd. Google currently holds a 7.73% stake in Jio Platforms.

After making large investments in Jio, Google is now planning to invest money in Airtel. The companies have reportedly reached an advanced stage of discussion. It is believed that Google will make “substantial investments, running into several thousands of crores of rupees”. The companies have been in talks for the past year. Notably, Airtel had a debt of nearly Rs 1.6 lakh crore in June. So if the deal between Google and Airtel materialises, it would be a huge breather for Sunil Mittal-led telecom company. As per a Times of India report, Google is on its way to make investments worth thousands of crores in Airtel. It is reported that Google is in an “advanced stage of negotiations” with Airtel for the “past nearly one year”, and the deal size could be “substantially large”. Google and Airtel have not made any formal announcements related to the supposed deal but top sources who are aware of the developments have told TOI.