Advertisement
Singapore markets closed

  • Straits Times Index

    3,310.07
    -3.41 (-0.10%)
     

  • S&P 500

    5,303.27
    +6.17 (+0.12%)
     

  • Dow

    40,003.59
    +134.19 (+0.34%)
     

  • Nasdaq

    16,685.97
    -12.33 (-0.07%)
     

  • Bitcoin USD

    66,955.84
    -66.46 (-0.10%)
     

  • CMC Crypto 200

    1,366.47
    +12.05 (+0.89%)
     

  • FTSE 100

    8,438.04
    +17.78 (+0.21%)
     

  • Gold

    2,448.30
    +30.90 (+1.28%)
     

  • Crude Oil

    79.85
    -0.21 (-0.26%)
     

  • 10-Yr Bond

    4.4200
    +0.0430 (+0.98%)
     

  • Nikkei

    39,069.68
    +282.30 (+0.73%)
     

  • Hang Seng

    19,636.22
    +82.61 (+0.42%)
     

  • FTSE Bursa Malaysia

    1,627.50
    +10.88 (+0.67%)
     

  • Jakarta Composite Index

    7,266.69
    -50.55 (-0.69%)
     

  • PSE Index

    6,682.78
    +64.09 (+0.97%)
     

Google considering taking stake in Vodafone Idea - FT

Reuters
·1-min read
FILE PHOTO: A 3D printed Google logo is seen in this illustration taken

(Reuters) - Alphabet Inc's Google is exploring an investment in Vodafone Group Plc's struggling India business, the Financial Times reported on Thursday, citing people familiar with the matter.

Google is considering buying a stake of about 5% in Vodafone Idea, the FT reported, citing one of the people. The process is at an early stage, according to the report. (https://on.ft.com/2M2iVZA)

Vodafone said it does not comment on market speculation, while Google did not immediately respond to a request for comment.

Last month, Facebook Inc agreed to invest $5.7 billion for a 9.99% stake in Reliance Industries' digital arm, Jio, which competes with Vodafone Idea and Bharti Airtel Ltd in India's fiercely competitive telecom market.

(Reporting by Neha Malara in Bengaluru; Editing by Anil D'Silva)