{"id":2924,"date":"2022-01-28T21:32:14","date_gmt":"2022-01-28T20:32:14","guid":{"rendered":"https:\/\/monblogeur.tech\/index.php\/2022\/01\/28\/google-vs-facebook-tech-giants-back-rival-mobile-phone-operators-in-india-benzinga-benzinga\/"},"modified":"2022-01-28T21:32:14","modified_gmt":"2022-01-28T20:32:14","slug":"google-vs-facebook-tech-giants-back-rival-mobile-phone-operators-in-india-benzinga-benzinga","status":"publish","type":"post","link":"https:\/\/monblogeur.tech\/index.php\/2022\/01\/28\/google-vs-facebook-tech-giants-back-rival-mobile-phone-operators-in-india-benzinga-benzinga\/","title":{"rendered":"Google Vs. Facebook: Tech Giants Back Rival Mobile Phone Operators In India &#8211; Benzinga &#8211; Benzinga"},"content":{"rendered":"<div class=\"cfbc967f0983488262956e73eca9483a\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3859091246952232\" crossorigin=\"anonymous\"><\/script>\r\n<!-- blok -->\r\n<ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-3859091246952232\" data-ad-slot=\"1334354390\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n\n<\/div>\n<p><strong>Alphabet Inc<\/strong> (NASDAQ: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/goog#NASDAQ\">GOOG<\/a>) (NASDAQ: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/googl#NASDAQ\">GOOGL<\/a>)-owned <strong>Google<\/strong> will invest up to $1 billion in India&rsquo;s second largest telecom operator <strong>Bharti<\/strong> <strong>Airtel<\/strong>, two years after <strong>Mark Zuckerberg<\/strong>-led&nbsp;<strong>Facebook&#039;s &mdash;<\/strong>&nbsp;now renamed as&nbsp;<strong>Meta Platforms Inc<\/strong>&rsquo;s (NASDAQ: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/fb#NASDAQ\">FB<\/a>) &mdash; mega funding in <strong>Reliance Jio Platforms<\/strong>.<br \/><strong>What Happened:<\/strong> The deal involves Google investing $700 million to buy a 1.28% stake in Airtel at a price of about $9.9 a share and also pump in up to $300 million toward potential multi-year commercial agreements, Airtel said in a regulatory filing on Friday.<br \/>The New Delhi-based Airtel said the deal will help boost its 5G plans across smartphones of all price ranges.&nbsp;<br \/>It would also push the cloud ecosystem for businesses across India.<br \/>&ldquo;As a part of its first commercial agreement, Airtel and Google will work together to build on Airtel&rsquo;s extensive offerings that covers a range of Android-enabled devices to consumers via innovative affordability programs,&quot; Airtel said.<br \/>The deal, it said, is also aimed at lowering the &ldquo;barriers of owning a smartphone across a range of price points, in partnership with various device manufacturers.&rdquo;<br \/>Google CEO <strong>Sundar Pichai<\/strong> had in 2020 said the company would invest about $10 billion for the <strong>India Digitization Fund<\/strong> over the next five to seven years.<br \/><em>See Also: <\/em><a href=\"https:\/\/www.benzinga.com\/news\/20\/04\/15853577\/facebook-invests-5-7b-in-one-of-indias-largest-internet-services-companies\" style=\"text-decoration:none\"><em>Facebook Invests $5.7B In One Of India&#039;s Largest Internet Services Companies<\/em><\/a><br \/><strong>Why It Matters:<\/strong> The investment is the latest instance of growing interest in India&rsquo;s 1.8 billion mobile users from U.S.-based tech giants.&nbsp;<br \/>Google and&nbsp;Meta products &mdash; Google search, Youtube, Facebook, Instagram, WhatsApp &mdash;are immensely popular in India where operators are running 5G trials ahead of the expected commercial deployment this year.<br \/>Meta Platforms&nbsp;had in 2020 invested $5.7 billion in Reliance&#039;s Jio Platforms, the largest privately-held telecom company owned by billionaire&nbsp;<strong>Mukesh<\/strong> <strong>Ambani&rsquo;s<\/strong> listed company Reliance Industries.&nbsp;<br \/><strong>Price Action:<\/strong>&nbsp;Alphabet Class A&nbsp;shares closed 0.2% lower at $2,580.10 a share on Thursday.<br \/><i>&copy; 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/i><br \/><strong>Posted-In:<\/strong> <a href=\"\/topic\/airtel\">Airtel<\/a> <a href=\"\/topic\/big-tech\">big tech<\/a> <a href=\"\/topic\/jio-platforms\">Jio Platforms<\/a> <a href=\"\/topic\/telecom\">telecom<\/a><a href=\"\/news\">News<\/a> <a href=\"\/news\/financing\">Financing<\/a> <a href=\"\/tech\">Tech<\/a> <a href=\"\/best-of-benzinga\">Best of Benzinga<\/a><br \/>Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at <a href=\"mailto:vipaccounts@benzinga.com\">vipaccounts@benzinga.com<\/a><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/22\/01\/25275237\/google-vs-facebook-tech-giants-back-rival-mobile-phone-operators-in-india\">source<\/a><\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)-owned Google will invest up to $1 billion in India&rsquo;s second largest telecom operator Bharti Airtel, two years after Mark Zuckerberg-led&nbsp;Facebook&#039;s &mdash;&nbsp;now renamed as&nbsp;Meta Platforms Inc&rsquo;s (NASDAQ: FB) &mdash; mega funding in Reliance Jio Platforms.What Happened: The deal involves Google investing $700 million to buy a 1.28% stake in Airtel [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow1sXXCw:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-2924","post","type-post","status-publish","format-standard","hentry","category-non-classe"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/2924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/comments?post=2924"}],"version-history":[{"count":0,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/2924\/revisions"}],"wp:attachment":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/media?parent=2924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/categories?post=2924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/tags?post=2924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}