India's telcos fight for cash

Bharti Airtel kicks off jumbo $3.5b rights issue

India’s leading telecom operator follows its rival to raise a huge pile of fresh capital in order to sustain a prolonged price war between the major telcos.

Danny Leung

May 02, 2019

Bharti Airtel, India’s largest telecommunications firm by number of users, kicked off on Friday one of the country’s largest capital raises. It plans to raise Rp250 billion ($3.58 billion) from a rights issue to help it compete with aggressive rivals.

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