Google plans to buy Vodafone Idea stake as part of India push

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Google is exploring an investment in Vodafone’s struggling India business in a move that could pit the US internet group in a battle against Facebook for the world’s fastest-growing mobile market, according to people familiar with the matter.

One of the people said Google was considering buying stake of about 5 per cent in Vodafone Idea, a partnership between the UK telecoms company and India's Aditya Birla Group that has been under severe financial strain. Another said the process was at a very early stage.

More on https://www.ft.com/content/3f763918-d0b1-4a02-a581-e241753c75eb

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