India: Bharti Airtel to raise $4.5b to pare debt, expand its network

India: Bharti Airtel to raise $4.5b to pare debt, expand its network

REUTERS/Adnan Abidi

The board of Bharti Airtel Ltd, the country’s second largest telecom operator, on Thursday approved the raising of ₹32,000 crore through a rights issue to shareholders and by selling foreign currency denominated bonds to pare debt and expand its network.

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