InvestorQ : Why is Google interested in picking up a stake in Vodafone Idea?
Lavanya Subramanian made post

Why is Google interested in picking up a stake in Vodafone Idea?

Answer
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ishika Banerjee answered.
5 months ago


It has been reported that Alphabet, the parent of Google, is in talks with Vodafone Idea to pick up a 5% stake in the company, to gain a foothold in the Indian markets. This was a special report covered by the Financial Times London. Earlier Alphabet was also in talks to take a stick in Jio Platforms of the RIL group, but Facebook was first off the block. By picking up a stake in Vodafone Idea, Google would be able to directly confront Facebook and an increasingly dominant Jio Platforms. The price of Vodafone has crashed to a little over $2 billion as compared to a valuation of $65 billion for Reliance Jio.