Bharti Airtel clarifies on report of Amazon in talks to buy stake in company

Bharti Airtel today issued a clarification on reports that citing sources said that Amazon is in talks to buy a stake in the telecom company for at least $2 billion. Bharti Airtel said in a statement said at this stage, “no such proposal in consideration”, referring to the report as “speculative.”

Over the past six weeks, Jio, the digital arm of Reliance Industries, has raised ₹87,655 crore from global investors including Facebook as it seeks to establish itself as a one-stop digital commerce platform.

Jio Platforms has raised ₹87,655 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.