Google eyes stake in Vodafone Idea: Report

In recent weeks, Reliance Industries’ Jio — owned by Asia’s richest man Mukesh Ambani — has secured more than $10 billion in investment from Facebook and private equity groups

Staff Writer
Published28 May 2020, 04:19 PM IST
Google was considering buying stake of about 5% in Vodafone Idea: Report
Google was considering buying stake of about 5% in Vodafone Idea: Report

Google is exploring an investment in Vodafone’s India business in a move that could pit the US internet group in a battle against Facebook for the world’s fastest-growing mobile market, Financial Times reported, citing people familiar with the matter.

Google was considering buying stake of about 5% in Vodafone Idea, a partnership between the UK telecoms company and Aditya Birla Group that has been under severe financial strain, the report said.

In recent weeks, Reliance Industries’ Jio — owned by Asia’s richest man Mukesh Ambani — has secured more than $10 billion in investment from Facebook and private equity groups including KKR, General Atlantic, Vista Equity Partners and Silver Lake.

On Tuesday, Bharti Airtel’s parent raised $1.1 billion in a share sale after the company’s stock price hit an all-time high.

Catch all the Budget News , Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:28 May 2020, 04:19 PM IST
HomeCompaniesNewsGoogle eyes stake in Vodafone Idea: Report

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Bharat Electronics

    312.60
    03:59 PM | 22 JUL 2024
    6.3 (2.06%)

    Zee Entertainment Enterprises

    134.60
    03:59 PM | 22 JUL 2024
    -2.95 (-2.14%)

    Tata Steel

    160.35
    03:57 PM | 22 JUL 2024
    2.6 (1.65%)

    Wipro

    505.75
    03:59 PM | 22 JUL 2024
    -51.5 (-9.24%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Rashtriya Chemicals & Fertil

    235.05
    03:53 PM | 22 JUL 2024
    21.1 (9.86%)

    NBCC India

    184.85
    03:52 PM | 22 JUL 2024
    13.05 (7.6%)

    Indian Hotels Company

    620.20
    03:54 PM | 22 JUL 2024
    42.95 (7.44%)

    Chalet Hotels

    820.00
    03:29 PM | 22 JUL 2024
    55.9 (7.32%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      75,510.00293.00
      Chennai
      75,657.000.00
      Delhi
      75,217.00732.00
      Kolkata
      75,144.00659.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.98/L0.23
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00
      OPEN IN APP
      HomeMarketsCibilPremiumBudget