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Amazon looking to buy $2bln stake in Bharti Airtel as shares trade near record highs

By: Invezz
Image for Amazon France warehouses

Shares of Amazon (NASDAQ: AMZN) have consolidated recent gains near the record highs as the e-commerce giant considers buying at least a $2 billion stake in the Indian telecom Bharti Airtel (NSE: BHARTIARTL). Fundamental analysis: Amazon to follow Facebook in India’s telecom sector E-commerce giant Amazon is reportedly in talks to secure at least a 5% stake in Bharti Airtel, the third-largest telecom operator in India, according to Reuters. Amazon’s potential investment in Bharti would provide a huge boost not only for the telecom operator but also for the entire digital economy in the world’s second-most populous country.  Bharti is

The post Amazon looking to buy $2bln stake in Bharti Airtel as shares trade near record highs appeared first on Invezz.

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