US technology giants line up for stakes in Indian telecom firms

US technology giants line up for stakes in Indian telecom firms

REUTERS/Adnan Abidi

US technology companies appear to be seeking a foothold in India’s telecom sector through acquisitions of minority stakes that could potentially shore up the fortunes of both.

This comes at a time when India’s online retail industry is seen at an inflection point due to the coronavirus pandemic, which has sharply boosted adoption of digital services.

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