On Wednesday, the e-commerce giant announced it has partnered with Bharti Airtel, the third-largest telecom operator in India with more than 300 million subscribers, to sell a wide-range of AWS offerings under Airtel Cloud brand to small, medium, and large-sized businesses in the country.
Is Amazon going to invest in Airtel?
Amazon may buy $2 billion stake in Bharti Airtel: Reports
The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Airtel, India’s third-largest telco with more than 300 million subscribers.
Why is Amazon investing in Airtel?
However, one of the major reasons Amazon wants to pick up stake in Airtel, according to experts, is to fight Facebook in the advertising battle. Facebook recently bought close to 10 per cent stake in Jio for Rs 43,500 crore. “A bulk of Facebook’s ad revenue world over comes from small businesses.
Is Amazon investing in India?
In response to a detailed query sent to the company, an Amazon India spokesperson said: “We continue to be invested in India with a long-term view enabling customers in India to enjoy the ease and convenience of e-commerce and other digital products and services.”
Does Amazon invested in Jio?
Amazon hasn’t made any final decision on the size of its potential investment, and talks could still fall apart, the person said. A representative for Amazon declined to comment. … The investment in Ambani’s retail ventures comes after he raised $20 billion selling stakes in his technology venture — Jio Platforms Ltd.
Is Amazon investing in Idea?
US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India’s Vodafone Idea Ltd , the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10%.
Why did Amazon fail in China?
A global e-commerce giant that failed as it could not adapt to the tastes and preferences of Chinese consumers. … With a market share of less than 1% even 15 years after its launch in the country, Amazon China failed to strike a chord with Chinese consumers and hence it decided to withdraw its online market place.
Why is Amazon India in loss?
Amazon Seller Services, the India online marketplace unit of e-tail giant Amazon, saw its losses widening to Rs 5,849.2 crore for 2019-20 fiscal from the previous year as expenses grew over 25 per cent, as per regulatory documents.
Why is Amazon not profitable in India?
Long-standing laws in India have constrained Amazon, which has yet to turn a profit in the country, and other e-commerce firms to not hold inventory or sell items directly to consumers. To bypass this, firms have operated through a maze of joint ventures with local companies that operate as inventory-holding firms.
Is Amazon going to invest in Reliance?
Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is offering to sell a roughly $20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter.
Will Amazon invest in Reliance?
India’s largest company, Reliance Industries, has reportedly offered Amazon a 40% stake in its retail arm for $20 billion. Reliance Industries has offered to sell Amazon a 40% stake in its retail arm in a deal that could be worth $20 billion, a source told Bloomberg News.