Headline
** Mushfiqur smashes another ton vs Sri Lanka ** Croplands inundated in Faridpur as major rivers swell ** Global Covid cases near 528 million ** Strengthening of taka artificially may leave an adverse impact on macro economy: Experts ** China bars ministers and senior officials from owning assets abroad directly or through spouses and children ** Sylhet: Flood-hit city dwellers suffer crisis of gas, power and safe drinking water ** Graft case: Haji Salim denied bail; sent to jail ** Global Covid cases top 527 million ** Call it national government, call it emergency government – but the need for change is urgent ** Rains lash Dhaka, trigger snarls ** Global Covid cases near 527 million ** No advice to be economical, honest people are already in hardship ** Flooding affects millions in Sylhet ** India, Bangladesh train services to resume shortly ** Global Covid cases near 526 million ** Gridlocks greet capital commuters ** Consumers buying rice from a Food Directorate's Truck posted at Abdul Gani road in the capital on Thursday amid soaring prices of essential commodities. NN photo ** Is Bangladesh heading toward a Sri Lanka-like crisis? ** Veteran journalist Abdul Gaffar Chowdhury no more ** Averting currency crisis without power sector reform ** Boatmen struggle to cross the Buriganga River as water hyacinths cover part of the river near Islampur in the capital. NN photo ** Nasir, two others indicted in Pori Moni case ** Covid-19: Bangladesh logs 22 new cases, no death ** HC cancels bail of expelled JL leader Samrat ** Truck-microbus collision leaves 2 dead in Natore **

Google to invest $1bn in Airtel

29 January 2022


AFP, Mumbai :
Google will invest up to $1 billion in India's second-largest mobile operator, Airtel, the companies said on Friday.
The global tech giant will buy a $700 million stake in billionaire Sunil Mittal's Bharti Airtel, giving it 1.28 per cent ownership, the firms said in a joint statement.
Up to $300 million more will be invested in "mutually agreeable" commercial projects over the next five years, including exploring opportunities to "bring down the barriers of owning a smartphone" in the price-conscious market.
"We are proud to partner on a shared vision for expanding connectivity and ensuring equitable access to the internet for more Indians," Sundar Pichai, the Indian-born chief executive of Google parent Alphabet said in a statement.
Google already holds a 7.7-per cent stake in Indian market leader Reliance Jio, owned by Asia's richest man, Mukesh Ambani, following a $4.5-billion investment in 2020. The two companies collaborated on a 4G-enabled, low-cost smartphone that launched in November last year.
Jio has been locked in fierce competition with Airtel and British telecoms giant Vodafone's local unit Vi since it kicked off a price war in 2016 by offering dirt-cheap internet and free calls.

Tariff
Add Rate