Bharti Airtel Denies Media Report That Amazon in Talks to Buy Stake
05 June 2020 - 2:27PM
Dow Jones News
By Ben Otto
Indian largest telecommunications provider Bharti Airtel has
denied a media report that U.S.-based Amazon Inc. is in talks to
buy a $2 billion stake in the company.
Bharti Airtel said in a stock-exchange filing Friday that it
routinely works with digital players to bring their products and
services to its customer base, but that "beyond that, there is, at
this stage, no such proposal in consideration."
Reuters, citing unnamed sources, on Thursday reported that
Amazon was in early talks to purchase a stake of at least $2
billion in Bharti Airtel, implying about a 5% stake in the
company.
Write to Ben Otto at ben.otto@wsj.com
(END) Dow Jones Newswires
June 05, 2020 00:12 ET (04:12 GMT)
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