Previous Close | 660.50 |
Open | 664.95 |
Bid | 669.95 x 0 |
Ask | 671.75 x 0 |
Day's Range | 662.95 - 675.50 |
52 Week Range | 381.05 - 675.50 |
Volume | |
Avg. Volume | 836,916 |
Market Cap | 3.663T |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 389.77 |
Alphabet Inc's Google will invest up to $1 billion in India's Bharti Airtel as the U.S. technology giant expands its hold in India, sending shares of the telecom operator as much as 6.6% higher on Friday. The investment is part of Google's plans announced under two years ago to infuse $10 billion in India via its digitisation fund over five to seven years through equity deals and tie-ups. Google's investment includes a $700 million equity investment in Airtel at 734 rupees ($9.77) per share and up to $300 million towards implementing commercial agreements, including investments in expanding Airtel's products and services, the companies said.
BENGALURU (Reuters) -Alphabet Inc's Google will invest up to $1 billion in India's Bharti Airtel as the U.S. technology giant expands its hold in India, sending shares of the telecom operator as much as 6.6% higher on Friday. The investment is part of Google's plans announced under two years ago to infuse $10 billion in India via its digitisation fund over five to seven years through equity deals and tie-ups. Google's investment includes a $700 million equity investment in Airtel at 734 rupees ($9.77) per share and up to $300 million towards implementing commercial agreements, including investments in expanding Airtel's products and services, the companies said.
The deal builds on the long-standing partnership between Juniper (JNPR) and Bharti Airtel.