Bharti Airtel acquires strategic stake in blockchain technology startup Aqilliz

Telecom major Bharti Airtel on Thursday announced that it has acquired a strategic stake in Aqilliz, a 'Blockchain as a Service Company'. Airtel aims to deploy Aqilliz's blockchain technologies at scale across its fast-growing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings.

"Bharti Airtel...has acquired a strategic stake in Aqilliz a Blockchain as a Service Company under the Airtel Startup Accelerator Program, subject to applicable statutory approvals," the company said in a statement. It did not divulge the financial details of the deal.

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