MUMBAI (NewsRise) -- As fifth-generation internet services inch closer to reality, India's indebted telecommunication companies are stepping up fund-raising efforts to take on Reliance Jio Infocomm, which has the advantage of cash and a later-generation network across the country.
Bharti Airtel, the country's second-largest service provider by subscriber numbers, said late last week its board has approved a plan to raise up to $4.5 billion through a rights and bonds issue. The company is also looking to sell a stake in its tower business and list its African unit.
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