Internet major Google will invest USD 1 billion in telecom major Bharti Airtel which includes equity investment as well as a corpus for potential commercial agreements, to be identified and agreed on mutually agreeable terms over the course of the next five years.

Google made the investment as part of its Google for India Digitization Fund. "This will comprise- USD 700 million equity investment in Bharti Airtel at a price per share of Rs 734," Airtel said in a statement.