×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: India | Google Investment

Google to Invest $1 Billion to Push India's Digitalization

Google to Invest $1 Billion to Push India's Digitalization

Friday, 28 January 2022 03:01 AM EST

NEW DELHI (AP) — Google will invest up to $1 billion in partnership with India’s Airtel to provide affordable access to smartphones to over a billion Indians and speed up use of cloud-based computing for business, the two companies said on Friday.

The investment will help India’s small businesses adopt digital tools as India works to adopt digital education, payments and e-commerce amid the pandemic, Google said in a blog post.

As part of the ``Google for India Digitization Fund” launched in 2020, Google will pay $700 million to acquire a 1.28% stake in Airtel. It is also committing up to $300 million for commercial agreements over the next five years, Airtel said in a statement.

The companies also plan to jointly develop software for 5G and other standards, it said.

Airtel is an Indian global communications solutions provider with over 480 million customers in 17 countries across South Asia and Africa.

Google’s services are accessed by over 100 million users in India. It has faced legal troubles with the Competition Commission of India which said the company has abused the dominant position of its Android system in the Smart TV market segment. Regulators contend that makers of Smart TVs have no alternative to Android and are therefore obliged to install Google’s apps.

Google has denied any violations, saying its licensing practices comply with the law.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Google will invest up to $1 billion in partnership with India's Airtel to provide affordable access to smartphones to over a billion Indians and speed up use of cloud-based computing for business, the two companies said on Friday.The investment will help India's small...
India,Google Investment
225
2022-01-28
Friday, 28 January 2022 03:01 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved