Bharti Airtel is believed to have availed a $150 million short term loan through its Singapore subsidiary to
fund its Africa business .
According to sources, it is a short term loan for meeting various needs of
business in Africa including expansion of infrastructure and roll-out of new services.
As of March 31, 2012, the company reported net debt of $12.7 billion and the loan from Bharti International Singapore is in addition to the existing debt.
The company
operates in 17 African Countries and offers 3G services in 7 of these countries. The company reported 53.1 million customers across these geographies.
At the end of FY 2012, Bharti's revenue from Africa operations stood $1,071 million.
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