Amazon, Verizon may invest over $4 billion in India's Vodafone Idea
U.S. wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $ 4 billion in a stake in India's Vodafone Idea Ltd., sending shares in the struggling Indian telecom firm up 10%, the Mint newspaper reported on Thursday.
The stake sale talks with Vodafone Idea had been temporarily paused pending the outcome of the court hearing in India, which has created uncertainty and could have threatened the survival of Vodafone Idea, Mint said, citing two unnamed people aware of the negotiations.
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Last Update : Sep 03, 2020 8:00 AM
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