Google targets 5% stake in cash-trapped Vodafone Idea

Alphabet Inc’s Google is said to be examining the possibility of picking up a minority stake in Vodafone Idea Limited.

If the plan materialises, the investment will pit the search giant against Facebook, which has picked up a stake in Jio Platforms, the Reliance Industries subsidiary that houses all its digital services.

The Financial Times reported on Thursday that the tech titan was looking to buy about a 5 per cent stake in Vodafone Idea, a joint venture between the AV Birla group and Vodafone plc.

The process is at an early stage, according to the report.