Category: bharti airtel
Airtel Africa receives $100M for its mobile money business from Mastercard
Two weeks ago, TPG’s Rise Fund invested $200 million in Airtel Mobile Commerce BV (AMC BV) — the mobile money business of telecom Airtel Africa. After closing the deal, the Bharti Airtel subsidiary noted that it was still in discussions to sell additional minority stake (25% of the issued share…
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The UK buys a 45 percent stake in broke satellite startup OneWeb
After losing access to the EU's satellite-navigation system Galileo due to Brexit, the UK is hoping to replace it with OneWeb satellites. A government-led consortium has won an auction for the satellite internet company, which filed for Chapter 11 ba… Source
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Amazon reportedly considering $2 billion stake in Indian telecom operator Bharti Airtel
Amazon .com may follow its American peer Facebook’s footsteps in securing a slice of India’s booming telecom market. The e-commerce giant, which has invested over $6.5 billion in India, is in early-stage talks to buy a 5% stake worth at least $2 billion in Bharti Airtel, the third-largest telecom operator…
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Google and Microsoft reportedly considering stakes in telecom firms in India after Facebook deal
Weeks after Facebook acquired a 9.9% stake in India’s Reliance Jio Platforms, two more American firms are reportedly interested in the Indian telecom market. Google is considering buying a stake of about 5% in Vodafone Idea, the second largest telecom operator in India, according to Financial Times. Separately, Microsoft is…
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Loon and SoftBank’s HAPSMobile team with Airbus, China Telecom and more on stratospheric cell networks
A new industry alliance led by Alphabet’s Loon high-altitude balloon technology company and SoftBank’s HAPSMobile stratospheric glider subsidiary aims to work together on standards and tech related to deploying network connectivity using high-altitude delivery mechanisms. This extends the existing partnership between HAPSMobile and Loon, which began with a strategic alliance…
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