MUMBAI (NewsRise) -- Indian mobile phone carrier Bharti Airtel aims to raise $3 billion to pay the money owed to the government and bolster its balance sheet, even as competition from billionaire Mukesh Ambani-backed Reliance Jio Infocomm shows no signs of abating.
Telecommunication
Bharti Airtel seeks extra $3 billion amid India telecom price war
Company plans to issue equities, bonds
Unrelenting price competition from the Mukesh Ambani-backed Reliance Jio Infocomm has poses a threat to Bharti Airtel's financials. © Reuters
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