InvestorQ : Is it true that Amazon and Verizon are trying to buy a stake in Vodafone idea?
indhumathi Sayani made post

Is it true that Amazon and Verizon are trying to buy a stake in Vodafone idea?

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4 weeks ago


Two global giants in the digital and telecom space, Amazon and Verizon, may look to buy a significant stake in Vodafone Idea in a transaction that could be valued at around $4 billion. The talks will resume after the Vodafone board meet on 04 September.

Vodafone got a reprieve from the Supreme Court, which granted Vodafone 10 years to pay their total outstanding dues of nearly $8 billion. The stake-sale talks had actually been paused pending the outcome of Supreme Court judgment.

If Vodafone has to survive long enough to repay the funds and build a new future then funding is absolutely essential. Vodafone also needs to invest in upgrading its network that had been halted for some time due to paucity of funds.

Amazon has a major presence in India and even Verizon is present through its online unit, Oath Inc. Verizon is familiar with Indian territory because it has partnered with Bharti in the past on launching the Blue Jeans Video Conferencing service.