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Amazon in talks to buy $2 billion stake in Bharti Airtel

Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market […]

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Business

Vodafone Idea, Airtel post record loss of over $10 billion

Telecom giants Vodafone Idea Ltd and Bharti Airtel Ltd have posted record losses in the September quarter, ravaged by the Supreme Court verdict that upheld the government’s broader definition of revenue on which it calculates levies on telecom operators. [Telecom operators pay levies such as license fees and spectrum usage charge (SUC) as a share […]