CURRENT AFFAIRS

Detailed explanation-1: -As part of this partnership, Google intends to invest up to $1B, as part of its Google for India Digitization Fund, which includes equity investment as well as a corpus for potential commercial agreements, to be identified and agreed on mutually agreeable terms over the course of the next five years.

Detailed explanation-2: -New Delhi: Bharti Airtel on Friday announced that Google will invest up to $1 billion in the telecom major as part of its Google for India Digitization Fund. The deal includes Google investing $700 million to acquire 1.28% ownership in Airtel and up to $300 million towards potential multi-year commercial agreements.

Detailed explanation-3: -Internet giant Google will invest up to $1 billion in Bharti Airtel, India’s second-largest service provider, by acquiring 1.28% of Airtel’s equity and in other commercial agreements on mutual terms over the next five years.

Detailed explanation-4: -Google to invest up to $1 billion in India’s Bharti Airtel | CNN Business.