Support Telecomtalk
Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
Vodafone Idea (Vi), the third-largest telecom operator in the country may get Rs 20,000 crore investment from Amazon. It is worth noting that a few days back, Ravinder Takkar had said that the company is very close to raising Rs 20,000 crore from an external investor. As per a report from The Ken, Vi might get this investment from the e-commerce giant Amazon.
- Make Telecom Talk My Trusted Source
-
-
This will be the first time Amazon would be entering the telecom sector in India. The company sells software solutions via Amazon Web Services to the telcos, but it hasn’t been directly involved as an investor/owner in India’s telecom sector.
Vodafone Idea the Only Telco Without Investment from a US Tech Giant
India’s ruthless telecom sector has seen top US tech giants such as Google, Facebook and more investing in companies such as Jio and Airtel. At the moment, amongst the private telecom operators, Vodafone Idea is the only operator without investment from a US tech giant. At the same time, Amazon is the only major US tech company which doesn’t have a telecom partner.
This could be an ideal scenario for both companies. Vi could do a lot of good with this investment (if it happens). The telco has a serious cash crunch despite the government’s relief measures. For participating in the upcoming 5G spectrum auction in full capacity as well as raising capex spends, Vi needs external investors onboard desperately. The investment would enable the company to compete head-on with Jio and Airtel.
