The Indian ICT domain, especially the telecom operators are seeing increased attention from foreign investors. The Indian Telecom and Digital communications industry has been seeing a steady increase in demand in the backdrop of the new world order due to COVID19. More and more industries are moving towards work from home environments, also education is moving to an online and e-mode. Indian Digital and Telecom industry also is heavily into the OTT platform and is also seeing an increasing demand due to the quality of content, niche connect, and the option to consume content from anywhere at any time.
Here are a few investments that Indian Telecom Operators have received over the past 2 months.
Reliance Jio has been the poster boy to receive investments (Source: Indiatvnews.com)
April 22 — Facebook — Mark Zuckerburg’s Facebook announced an investment worth Rs 43,574 crore in Reliance Jio. This roughly accounted for 9.99 per cent stake in Jio platforms.
May 3 — Silver Lake — Silverlake invested 5,655 crore into Reliance Jio for a stake of 1.15%.
May 8 — Vista Equity — Another 11,367 crore came in Jio platforms for a stake of 2.32 per cent.
May 17 — General Atlantic — US-based General Atlantic invested Rs 6,600 crore into Jio for a stake of 1.34%.
May 22 — KKR — KKR announced 11,367 crore investment in Jio platforms for 2.32 per cent equity stake.
June 5 — Mubadala — Finally today, Abu Dhabi based Mubadala investment company announced infusion of Rs 9,093 crore into Jio platform.
Vodafone Idea Ltd
Google Inc. is considering picking a stake of about 5% in Vodafone Idea Ltd. (Source: Livemint.com)