Google to invest up to Sh113bn in Airtel's parent firm

An Airtel shop in Nairobi. FILE PHOTO | NMG

Alphabet Inc's Google will invest up to $1 billion (Sh113 billion) in Bharti Airtel in a move that could help bolster the Indian telecom operator's digital offerings, the companies said on Friday.

The deal includes a $700 million (Sh79 billion) equity investment in Airtel at a price of 734 rupees ($9.77) per share and up to $300 million (Sh34 billion) towards implementing commercial agreements, including investments in scaling Airtel's offerings, the companies said.

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