InvestorQ : Is the investment of Amazon in Bharti Airtel actually confirmed?
Tisha Malhotra made post

Is the investment of Amazon in Bharti Airtel actually confirmed?

Answer
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Moii Chavate answered.
4 months ago


At this point of time, the talks are at an early stage and these are based on initial reports. But the talks are to buy a 5% stake in Bharti Airtel for around $2 billion. That would value the Bharti Airtel Stock at closer to $40 billion. That is approximately around the current valuation of the stock at around $42 billion. Today, Bharti is the fifth most valuable stock in India in terms of market cap after RIL, TCS, HDFC Bank and Hindustan Unilever. But above all, this gives Amazon an entry into the highly lucrative digital ecosystem. Wal-Mart has bought into Flipkart, Berkshire into Paytm, Facebook into Jio Platforms and possibly Google into Vodafone Idea. Amazon taking a stake in Bharti marks another big digital deal. For Bharti it is a big boost in its fight for the top slot with Jio.