Indian Telecom- hot cake for global tech giants
Big FOMO at play.
Facebook bet big on India with its $5.7 billion, 10% stake acquisition in Jio, and Amazon already entrenched; US tech majors Google, Microsoft and Apple will be very keen to get a share of the largest data consuming country on the planet. Any why not? With China is out of bounds, India is the only market of significance to get to the next billion users.
Google is hoping buy a 5% stake of Vodafone-Idea the 3rd largest telecom operator in India, according to the Financial Times . Microsoft is keen to invest US $2 billion in Reliance Jio.
This will accelerate telco, retail, digital convergence in India. Likely alliances:
3. Matter of time before airtel (Airtel Payment Bank already tied up with Kotak Mahindra Bank) partners with either:
a) Walmart (remember Bharti Walmart?) + Flipkart (including Phone Pe) or
b) Amazon (Amazon Pay) + Future Group + Shopper’s Stop
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