Google strengthens Indian investment, $ 1 billion to "Air Tell"

Google, a subsidiary of Alphabet, announced on January 28 that it will invest up to $ 1 billion (about 115 billion yen) in the second -largest mobile phone business operator in India.The company is one of the $ 700 million, 1 of the EATel, which is owned by India's millionaire, Snil Mital..Get 28%of shares.The transactions jointly announced by the two companies are aimed at accelerating the growth of the digital ecosystem in India.Google will invest up to $ 300 million for the next five -year commercial contract, in addition to purchasing Airter's shares.This transaction requires approval of regulatory authorities.India, which has a population of nearly 1.4 billion, is an attractive market for Google.The company has added "motorcycle mode" to the Indian Google Map, which is occupied by 70 % of registered vehicles.In July 2020, the company declared the establishment of a $ 10 billion investment plan "India Digitalization Fund", and made $ 4.5 billion in India's largest telecommunications carrier, JIO, owned by the millionaire Mukesh Ambani.I was investing.According to Google and Alphabet's CEO, Snder Pichai, said in a statement, "Investing in Airter is a consistent investment in India, increasing access to smartphones, and focusing new business models and corporate digital transformations.I will support you. "As one of the first commercial contracts, AATER and Google will cooperate with various device manufacturers to provide more affordable smartphones and examine the 5G network technology for India.Airter is currently offering corporate connection services to more than one million SMEs in India, and is trying to strengthen its services through this contract."The Company and Google share the vision of growing the digital division of India through innovative products. We will work closely with Google with a digital platform and settlement ecosystem for the future."Snil Mital, chairman of the company, states.Mital's assets, led by Airter, were $ 14.8 billion in Forbes' estimation, ranking 12th in the Indian rich ranking last year.According to Airter, the company has more than 480 million customers in 17 South Asia and Africa countries.