Google may pick up a stake in struggling Vodafone Idea

NEW DELHI: After a long series of investments secured by Mukesh Ambani’s Jio Platforms, a report in the Financial Times said on Thursday that tech giant Google may be involved in talks to pick up a 5 per cent stake in Jio rival Vodafone Idea.This investment, if it fructifies, will be a shot in the arm for the joint venture between the Aditya Birla group and British telecom major Vodafone Plc.

According to the report, Alphabet Inc’s Google is looking to buy about 5 per cent stake in Vodafone Idea. However, neither Google nor Vodadone Idea have commented on the development.The move follows Facebook and other private equity investors pouring in USD 10 billion in Jio Platforms, which holds billionaire Mukesh Ambani’s telecom firm, Jio.