After Facebook bought stake in Jio, Google eying Vodafone Idea7Photo© gadgets.ndtv.com

After Facebook bought stake in Jio, Google eying Vodafone Idea

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Alphabet Inc’s Google is considering acquiring a stake in Vodafone Group Plc’s struggling Indian business, the Financial Times reported, joining Facebook Inc in investing in the world’s fastest-growing mobile arena.

Google may take a stake of about 5% in Vodafone Idea, a partnership between the UK telecom carrier and the Aditya Birla Group, though the deliberations are at a very early state, the FT cited people familiar with the matter as saying.

Any deal would come weeks after Facebook paid $5.7 billion for a slice of digital assets controlled by Mukesh Ambani, Asia’s richest man. The deal was a landmark investment followed in successive days by major influxes of capital into India’s tech industry led by private equity firms.