Amazon in talks to buy $2 billion stake in Bharti Airtel


Amazon is in early-stage talks to buy roughly 5% stake worth $2 billion in Indian mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters


Amazon counts India as a crucial growth market where it has committed $6.5 billion in investments mainly toward expanding its e-commerce footprint.


The Seattle-based company has in recent years also expanded its digital offerings in India via its voice-activated speakers, video streaming and cloud storage, as it seeks to tap a rising number of internet and smartphone users in the country of 1.3 billion people.


An Amazon spokeswoman said the company does "not offer comments on speculation of what we may or may not do in future."


Bharti said they routinely work with all digital players to bring their products, content and services to customers. "Beyond that there is no other activity to report," it said in a statement.

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