Google considering taking stake in Vodafone Idea
(Reuters) - Alphabet Inc's Google is exploring an investment in Vodafone Group Plc's <VOD.L > struggling India business, the Financial Times reported on Thursday, citing people familiar with the matter.
Google is considering buying a stake of about 5% in Vodafone Idea, the FT reported, citing one of the people. The process is at an early stage, according to the report.
Vodafone said it does not comment on market speculation, while Google did not immediately respond to a request for comment.
Last month, Facebook Inc agreed to invest $5.7 billion for a 9.99% stake in Reliance Industries' digital arm, Jio, which competes with Vodafone Idea and Bharti Airtel Ltd in India's fiercely competitive telecom market.
How Good is NordVPN?
With many governments working to restrict individual freedom and many more increasingly taking the liberty to perform Internet surveillance on citizens, virtual private network (VPN) services have become something of a necessity. For those who travel and/or live in countries such as Russia, China, Vietnam, Syria or Saudi Arabia, a VPN is often the only way to ensure one’s safety when researching, reporting, or discussing censored topics.
Nintendo Switch Review: Is the Console Back in the Game?
The Nintendo Switch is a unique gaming device that wants to do it all. Advertised as a “hybrid” game console, the Switch can be used as a portable, handheld device like the Nintendo 3DS, but also as a console like the PS4 or Xbox One.