India: Tech Giants Race to Invest in Reliance’s Jio

India: Tech Giants Race to Invest in Reliance’s Jio

Google is reported to be in advanced talks to invest $4 billion for a stake in Reliance Industries digital arm Jio, while Amazon is in talks to invest $2 billion in Bharti Airtel as Microsoft considers taking a $2 billion (2.5 per cent) stake in Jio

Google is the latest multinational suitor to enter the fray along with other US tech giants Amazon and  Microsoft to buy stakes in India's telco players, including Jio Platforms, Bharti Airtel, and Vodafone Idea.

Google is reported to be in advanced talks to invest $4 billion for a stake in Reliance Industries digital arm Jio, while Amazon is in talks to invest $2 billion in Bharti Airtel as Microsoft considers taking a $2 billion (2.5 per cent) stake in Jio, various reports said.

If the deal happens, Google, which recently pledged $10 billion investment  in India over the next five to seven years, will join facebook, other global investors including UAE's Mubadala and Abu Dhabi Investment Authority joining the Jio bandwagon promoted by Asia's richest tycoon Mukesh Ambani's Reliance Industries Limited.

Other investors include US private equity firms KKR, Vista, General Atlantic, TPG, L Catterton, and Silver Lake, whose deal has two parts.  In a recent deal, Jio Platforms announced that Saudi