Vodafone Idea may sell to Google it’s 5% stake

Vodafone Idea may sell to Google it’s 5% stake

Video:

Company’s like Google and Microsoft are now in race to buy stakes in Indian Telecom businesses after Facebook bought 10% stake in Jio for about Rs 50,000 crore.

Vodafone Idea has a market valuation of only Rs 16,724 crore as compared to the valuation of Reliance Jio of $65 billion (Rs 4,87,000 crore).

This gives Google an opportunity to leverage cheaper valued company which is under debt a better negotiation.

We have to see how what kind to deal will it turn out to be as Vodafone Idea is in debt and value is so low.

Vodafone Idea is already under debt of about Rs 58,000 crore.

In 2018 merger between Vodafone and Birla’s Idea took place and now investment by Google could boost the likelihood of its survival.

Jio had already raise total of about $10 Billion and is also planning to raise $2 billion from Microsoft against 2.5% stake .

Vodafone Idea may sell to Google it’s 5% stake

Leave a Comment

Your email address will not be published. Required fields are marked *