Analysts say the discussions and buzz around partnerships between technology and telecom companies could mark a strategic shift, especially in the e-commerce sector.
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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Analysts say the discussions and buzz around partnerships between technology and telecom companies could mark a strategic shift, especially in the e-commerce sector.
According to a Morgan Stanley report released earlier this week, India’s e-commerce population could grow sharply post covid-19 and online penetration in grocery shopping could finally reach an inflection point, along with a surge in segments such as gaming, educational and health tech, as well as cloud services.
Source: Hindustan Times
