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Amazon, Verizon may invest over $4 billion in India’s Vodafone Idea: report

FILE PHOTO: The Verizon store in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking

BENGALURU (Reuters) – U.S. wireless carrier Verizon Communications Inc (VZ.N) and Amazon.com Inc (AMZN.O) may invest more than $4 billion for a stake in beleaguered Indian telecom firm Vodafone Idea Ltd (VODA.NS), India’s Mint newspaper reported on Thursday, citing two unnamed people aware of the negotiations.

Reporting by Sachin Ravikumar; Editing by Shailesh Kuber

Our Standards:The Thomson Reuters Trust Principles.

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