Bharti Airtel gets USD 2.5 bln credit line from China banks

News Wireless India 18 MAY 2015
Bharti Airtel gets USD 2.5 bln credit line from China banks
Bharti Airtel said it has received financing commitments of up to USD 2.5 Billion from China Development Bank (USD 2 billion) and Industrial and Commercial Bank of China (USD 500 million). The Indian operator said it will use the credit lines to further diversify its global financing pool and invest in data network growth. Bharti Airtel announced a strategic collaboration with China Mobile in March. It also has network equipment sourcing agreements with ZTE and Huawei.

Categories:

Mobile

Companies:

Bharti Airtel,  Airtel

Countries:

India

Tags:

Corporate strategy, Financial funding

Related Articles

INDIA 30 NOV 2015

Airtel to invest INR 600 bln in 3-year network expansion

Indian mobile operator Bharti Airtel announced plans to invest around INR 600 billion in its network expansion over the next three years. Under its 'Project leap', Airtel will deploy over 70,000 base stations in the current fiscal, and 160,000 base stations in the next three years. It will also invest in improved backhaul and fixed broadband services in order to meet growing demand for internet access from consumers and businesses.

INDIA 5 AUG 2015

Bharti Airtel quarterly revenues up 3% on mobile data growth

Bharti Airtel reported revenues for its fiscal first quarter to June of INR 236.7 billion, up 3.1 percent from a year earlier. Growth was led by mobile data services, up 56.9 percent to INR 34.6 billion as data traffic grew 86.5 percent over the same period. EBITDA increased 6.4 percent to INR 82.6 billion, and the margin rose 1.1 percent points to 34.9 percent, driven by improved profitability in India. EBIT was up 14.2 percent to INR 42.2 billion, and net profit rose 40.2 percent to INR 15.5 billion, as h

INDIA 2 FEB 2015

Airtel to double physical store base selling Xiaomi devices

Chinese smartphone manufacturer Xiaomi is in talks with Indian mobile operator Bharti Airtel to double the number of physical stores that can sell Xiaomi smartphones across the country, The Economic Times reports, citing Manu Jain, head of Xiaomi India, "We are talking to Airtel to increase the number of stores from 120 to around 240", said Jain.

INDIA 20 JAN 2015

Huawei wins USD 120 mln contracts from Idea, Airtel - report

Chinese telecom equipment producer Huawei Technologies has won two contracts worth a combined USD 120 million from Indian mobile operators Bharti Airtel and Idea Cellular. Under the terms of the agreements, Huawei will upgrade Airtel's and Idea's wireline networks, The Economic Times reports, citing an unnamed person familiar with the matter. According to the same source, Airtel and Idea Cellular have awarded contracts worth USD 60 million each to Huawei, the person said. The transformed backbone wireline

CHINA 23 DEC 2014

Xiaomi's Redmi Note 4G to be available in India on 30 Dec

Chinese smartphone maker Xiaomi announced the availability of the Redmi Note 4G in India, NDTV Gadgets reports. Priced at INR 9,999, the Redmi Note 4G will be available through e-commerce portal Flipkart on 30 December. The Redmi Note 4G will be also available in Airtel stores in six cities, according to the report. The Xiaomi Redmi Note 4G has single-SIM support and runs on Android 4.4 KitKat operating system. The new Redmi Note 4G also features a quad-core 1.6GHz Snapdragon 400 CPU coupled with the 2GB of

INDIA 23 NOV 2014

Xiaomi to launch first 4G phone in India

Chinese smartphone manufacturer Xiaomi will launch its Redmi Note phablet in India on 25 November. This is Xiaomi's first 4G phone in India, and the 4G version will retail at select Airtel stores in Delhi, Mumbai, Bangalore, Kolkata, Hyderabad and Chennai. Both the 3G and 4G versions of Redmi Note will also be sold through Mi India's e-commerce partner, Flipkart. The 3G device will cost INR 8,999, and the 4G version will retail for INR 9,999. The LTE phone will work on both TDD-2300 MHz and FDD-1800 Mhz 4G

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.