Google Eyes Indian Expansion With Potential Vodafone Unit Investment
Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google is eyeing the Indian mobile market and could make an investment in Vodafone Idea, a partnership between the UK telecom and Aditya Birla Group of India.
Talks are in their infancy but could result in Google acquiring a 5% stake in the mobile business, which has been struggling in recent months, reports The Financial Times. In the fall, the Supreme Court of India required Vodafone Idea to pay billions of dollars in back fees. Vodafone has balked at infusing any more money into Vodafone Idea to save the business.
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Source Fool.com
