Bharti Says No Activity to Report
Bharti Airtel in a statement to Reuters said that it routinely works with digital players to introduce their products to Airtel’s consumers. Further, Bharti Airtel has highlighted in its statement to Reuters “that there is no other activity to report.” Ever since Reliance Jio announced the deal with Facebook in April, reports of US tech giants being interested in Indian telecom operators has seen a rapid increase. KKR, General Atlantic and Vista Equity Partners are other players who have invested in Jio platforms in the past month. It was recently reported that Google was eyeing a 5% stake in Vodafone Idea. The report was significant as the British telecom company, Vodafone highlighted in its earnings call that no fresh equity will be injected into its Indian venture. However, Vodafone Idea in a filing with the stock exchanges said that “there is no proposal as reported” in the media.
