Airtel clarifies 'no proposal' on $2 Bn Amazon deal speculation amid Jio's 6th stake sale

Amid reports that global eCommerce giant Amazon will invest in Indian telecom major Bharti Airtel, latter has expressed concern over such reports calling m speculative in nature while leing to 'unwarranted consequences'. Bharti Airtel also filed a clarification with SEBI on reports of Airtel-Amazon deal. Gurugram-based giant has me it clear to market regulator that currently re is ' such proposal in consideration.'

"We are concerned with such media reports which are published despite appropriate timely clarifications by respective companies. Such speculative reporting while moving stock price les to unwarranted consequences and can result in reputational impact," operator said in a statement.

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According to an international news ncy, Amazon which has me investments of over USD 6.5 billion in India in its eCommerce operations, was said to be in early-st talks with Bharti Airtel, third-largest telecom operator in India. It was reported that Amazon is eyeing a stake worth USD 2 billion in Airtel. telecom operator has however said that it routinely works with all digital and OTT players to have deep engment with m to bring ir products, content and services to Airtel's customer base ding that re is furr activity to report beyond routine engments.

speculations of Amazon-Airtel deal comes after reports of Google to be in talks with Vodafone for a possible large scale investment in latter which has h a rocky ride in Indian market, yet holds second-largest customer base after its merger with Idea Cellular. Meanwhile, speculation is also rife that Microsoft is also eyeing a deal with Reliance Jio, though ne of parties have me any official statements on news.

It is seemingly raining investments in volatile Indian telecom sector and especially for Reliance Jio which received yet ar large scale funding, this time from Abu Dhabi Based Mubala which invested Rs 9,093 crore in Jio Platforms, worth a 1.85% equity stake, sixth such investment in quick succussion.

first ones to invest in Reliance Jio was social media giant Facebook, followed by private investment firms Silver Lake, Vista Equity Partners and General Atlantic, with total investment amount standing at Rs 87,655.35 crore.

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