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Google to invest up to $1 billion in Bharti Airtel

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Google to invest up to  billion in Bharti Airtel

Bharti Airtel and Google said on Friday, January 28, 2022 that they will collaborate to sign a long-term, multi-year agreement to accelerate the development of India’s digital ecosystem, under which Google intends to invest up to $1 billion.

The amount is part of the $10 billion “Google India Digitization Fund” announced by Google and Alphabet CEO Sundar Pichai in 2020 and will include equity investments as well as a corpus of potential commercial agreements to be determined and the two companies said in a statement to agree on mutually agreed terms within the next five years. “Together, they will deliver best-in-class end-to-end products to meet customer needs, deliver a premium customer experience, and leverage their expertise to address affordability, access and digital inclusion,” they added.

The deal includes an investment of $700 million for a 1.28 percent ownership of Airtel, and up to $300 million for a potential multi-year commercial agreement. The partnership will focus on enabling affordable access to smartphones at a price range and will continue to explore co-creation of India-specific network domain use cases targeting 5G and other standards, building on existing partnerships, and Helping Accelerate Enterprise Cloud Ecosystems Across India

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As part of their first commercial agreement, Airtel and Google will collaborate to build Airtel’s wide range of products, offering consumers a range of Android-enabled devices through an innovative affordability program, the statement added. It said the two companies will work together to explore more opportunities to work with various device makers to lower the barriers to owning smartphones of all price points.

“Depending on the partnership’s larger strategic goals, the two companies may also co-create India-specific network domain use cases for 5G and other standards, with cutting-edge implementations. Airtel is already using Google’s 5G-enabled Evolved Packet Core and Software Defined Networking. platform, and plans to explore expanding the deployment of Google’s network virtualization solutions to provide customers with a superior network experience,” it added.

The two companies will also focus on shaping and growing India’s cloud ecosystem to accelerate its digital transformation journey.

Sunil Bharti Mittal, Chairman of Bharti Airtel, said: “Airtel and Google share a vision to increase India’s digital dividend through innovative products. With our future-ready network, digital platform, last-mile distribution and payment ecosystem, we look forward to working with Google is working closely to increase the depth and breadth of India’s digital ecosystem.”

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Complete News Source : The Hindu

Pahalgam Attack

Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

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Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

Due to a lengthier path, Lufthansa Flight LH760 from Frankfurt to New Delhi had to fly for over an hour longer on Sunday. Major foreign airlines, including Air France and Lufthansa, are avoiding Pakistani airspace as tensions between India and Pakistan remain high after a deadly terrorist assault in Pahalgam, Jammu and Kashmir, according to airlines and flight trackers on.

Monday. Air France agreed, stating that it had decided to halt flights over Pakistan due to the “recent evolution of tensions” between the two South Asian foes. “The airline has decided to suspend overflight of Pakistan until further notice,” Air France said in a statement, referring to the “recent evolution of tensions” between India and Pakistan The airline currently changing.

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In the wake of the recent Pachigam terror attack, a significant shift in international aviation routes has occurred. Following an uptick in security concerns and rising geopolitical tensions between India and Pakistan, several international airlines have opted to avoid Pakistani airspace, rerouting their flights to ensure passenger safety. The decision comes nations.

The Pahagam Terror Attack: A Trigger for Renewed Tensions

On the night of the attack in Pachigam, a popular tourist destination in Jammu and Kashmir, militants carried out a series of strikes on civilian and military targets. The assault left a number of casualties, both military personnel and civilians, sparking widespread condemnation. The attack, attributed to militant groups operating from across the border.

Airlines’ Concerns Over Safety and Security

In response to the escalating threat in the region, several international airlines, including prominent carriers from Europe, the Middle East, and Asia, have started to reroute their flights to avoid crossing Pakistani airspace. These precautionary measures, while not unprecedented, are a direct reflection of the security situation that has worsened in the wake of the attack.

Airlines typically rely on international aviation corridors for the fastest and most efficient flight paths, and Pakistani airspace has historically been a critical component of many international routes connecting Europe and Asia. However, in light of the heightened risk of military conflict, commercial carriers have begun to take proactive steps to avoid the region.

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European carriers, such as Lufthansa and Air France, have adjusted their flight paths over the past few weeks, choosing to bypass Pakistan altogether. Similarly, Middle Eastern giants, like Emirates and Qatar Airways, have rerouted certain flights to avoid potential risks associated with flying in close proximity to the disputed borders. These changes have led to longer flight.

The International Air Transport Association (IATA) has noted that these changes, while necessary, come with considerable logistical and financial consequences. Airlines must navigate alternative routes, which may lead to higher fuel consumption and longer durations of travel. Nevertheless, passenger safety is the highest priority, and the industry remains.

Diplomatic Implications and Regional Stability

The rerouting of international flights has far-reaching implications, not only in terms of aviation logistics but also for regional diplomacy. The decision to avoid Pakistani airspace can be seen as a subtle but clear indication of the international community’s concerns regarding with the growing uncertainty in the region, underscores the volatile nature of South the security situation between India and Pakistan. Such moves may further isolate Pakistan.

The Future of Aviation in the Region

As the situation unfolds, the aviation industry is closely monitoring developments. For international carriers, navigating the delicate balance between commercial operations and national security concerns is no small task. In the coming weeks, further changes in flight patterns are expected, depending on how the diplomatic and military tensions between India.

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