Google eyes a stake in Vodafone Idea

[Bapun]

Google is exploring an investment in Vodafone’s struggling 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, according to people familiar with the matter.

One of the people said Google was considering buying stake of about 5 per cent in Vodafone Idea, a partnership between the UK telecoms company and India's Aditya Birla Group that has been under severe financial strain. Another said the process was at a very early stage.

Google explores Vodafone Idea stake as part of India push

 

[JollyLNB]

Facebook and Jio. Microsoft and Jio. Now Google and Vodafone. What is going on? Is this going to transform Vodafone-Idea's fortunes?

In the US, Vodafone had a stake in Verizon but sold it in 2014.

 

[Sparker0i]

After all these, Amazon and Airtel next? Unlikely because ministers in the Modi cabinet bash Amazon because of Washington Post

 

[iDJ]

After all these, Amazon and Airtel next? Unlikely because ministers in the Modi cabinet bash Amazon because of Washington Post

Bashing means nothing. Money makes everybody hypocrite. You will find debates like Congress with China. Meanwhile the same debates are sponsored by Chinese mobile companies.

 

[Detective Conan]

It might go through as Voda earlier hinted at leaving due to huge losses and goverment would not want telecom company to shut down so they would allow it even if google buys more than 5% .

 

[Bapun]

Vodafone Idea on Friday in a BSE filing stated that there was no proposal as such as this moment from tech giant Google to buy a stake in Vodafone Idea as reported by the media. It said that the board was not considering any such proposal.

Vodafone Idea replied to BSE after it sought a clarification on the news item from Financial Express which stated that Google was looking to buy a 5% stake in Vodafone Idea. FT further had stated that the talks were only at early stage.

Vodafone Idea says no proposal from Google to buy stake as reported by the media | OnlyTech.com