Google negotiates $4bn investment in Jio Platforms
Alphabet is in talks to invest $4bn in Jio Platforms, the digital arm of Indian Reliance Industries, Bloomberg reported on Tuesday.
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The potential investment, which would see Google take a stake in the company, would be the latest in a list of big companies betting on Jio Platforms, including Facebook and KKR & Co.
Jio Platforms is India's biggest mobile operator with a subscriber base of 369.93m and a market share greater than 30%.
Google is expected to confirm the investment in the coming weeks, according to the report.
The report comes after Google CEO Sundar Pichai announced in a video call with Indian Prime Minister Narendra Modi that the firm would be investing $10bn in the country.