|To help the Company further diversify its global financing pool and invest in growth of data networks|
• China Development Bank commits USD 2 Billion credit line, which is its single largest bilateral commitment to an Indian company and the largest to any telecom operator globally.
New Delhi, May 16, 2015:BhartiAirtel Limited (“BhartiAirtel”; “the Company”), a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, today said that it has received financing commitments of up to USD 2.5 Billion from China Development Bank and Industrial and Commercial Bank of China.
Subject to final agreements and requisite approvals, BhartiAirtel can draw these funds over a long availability period, depending on its financing requirements.
These financing options will allow the Company to diversify its global financing pool and access funds to invest in the growth of data networks across its global operations.
|About Bharti Airtel|
|BhartiAirtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G and 4G wireless services and mobile commerce. BhartiAirtel had over 324 million customers across its operations at the end of March 2015. To know more please visit, www.airtel.com|