Google is considering taking a 5 percent stake in Vodafone Idea.
Vodafone-Idea shares up by 35% on Friday due to an investment announcement by Google.
⇛Technology company Google is considering investing in the Indian telecom company Vodafone-Idea. If this investment happens, Google will compete directly with Facebook in the fastest growing mobile market in the world.
⇛According to the Financial Times report, Google is considering taking a 5 percent stake in Vodafone Idea. Vodafone Idea is a joint venture of the British company Vodafone and Aditya Birla Group. Vodafone Idea is going through a huge financial crisis.
⇛Vodafone Idea has seen a surge of 91.44 percent in the last two months. The company's shares closed at Rs 3.04 on BSE on April 1, 2020. Recently, Reliance Industries' technology company Jio has received a total investment of over $ 10 billion from various investors.
⇛Apart from this, Bharti Telecom, the holding company of Airtel, also raised $ 1.1 billion on Tuesday by selling shares of Airtel.
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