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Telco to go bond route

Infrastructure Finance
May 2, 2011May 2, 2011
Telco to go bond route
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Bharti Airtel, India's top mobile phone carrier, plans to raise $750 million to $1 billion through a global bond issue to retire its costly Africa debt and fund expansion there. The issue may be in the form of 10-year debentures. The telco has cleared some regulatory issues such as reduced termination rates in Nigeria, Tanzania and Kenya.

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