The telecom giant has also planned to spend around Rs 1.17 lakh crore for business with Bharti airtel's Indus Towers, Nextra and Bharti hexacom. The company is scheduled to hold a meeting of the company's members on February 26 to issue shares to Google for an investment of around Rs 7,500 crore in the company to buy a 1.28 per cent stake.
In the next 5 years, there will be investments here: According to the IGM notice, Bharti Airtel is to spend Rs 88,000 crore in business with mobile tower company Indus Towers, datacenter firm is set to spend Rs 15,000 crore to avail services of Nextra and Bharti is to spend up to Rs 14,000 crore on transactions with Hexacom. Bharti Airtel is set to invest Rs 17,000 crore on transactions with Indus Towers in the next 4 financial years and Rs 20,000 crore in 2025-26. This was stated in the filing on Saturday.
Focus will be on 5G towers: The notice states that given the growth of 5G globally, it is anticipated that 5G has soon started becoming a reality in India as well. Slowly moving into major cities and then in the rest of India the length and breadth of our current network. So, considering the growing needs of passive infrastructure amid a massive 5G rollout, the company is also proposing a higher amount of transactions of up to Rs 20,000 crore every year with Indus Towers for the financial year 2025-26.
Google has invested in Airtel: Not only this, recently Google and Airtel have a big deal. Google has also made a big investment in Airtel for the expansion of 5GG. Google is set to invest $100 million (Rs 7510 crore) in Indian telecom company Bharti Airtel. Google and Bharti Airtel have also joined hands to provide cheap smartphones and 5G. With $700 million (Rs 5257 crore), Google will buy a stake in Bharti Airtel and together develop cheap phones and research on 5G.
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