Bharti Airtel says "no activity" on report of stake sale to Amazon

NEW DELHI: Bharti Airtel has said that it continuously looks for opportunities to engage with all OTT and digital players as partners, but has "no other activity to report".

The telco was reacting to an agency report that US ecommerce major Amazon was in early stage talks to invest at least $2 billion in Bharti Airtel, which would roughly mean 5% at the telco's current market cap.

"We routinely work with all digital and OTT players and have deep engagement with them to bring their products, content and services for our wide customer base. Beyond that there is no other activity to report," Airtel said in a statement.


Sources familiar with Airtel’s strategy denied any stake sale talks with Amazon.

The Airtel stock ended 3.9% higher at Rs573.15 on the BSE Thursday.