 "Google considering acquiring 5% stakes in Vodafone Idea, reports Financial Times")
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 percent in Vodafone Idea, the FT reported, citing one of the people. The process is at an early stage, according to the report.
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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 percent stake in Reliance Industries’ digital arm, Jio, which competes with Vodafone Idea and Bharti Airtel Ltd in India’s fiercely competitive telecom market.
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