The company signed the term sheets for the financing options in presence of Prime Minister Narendra Modi, who is currently on an official visit to China.
     
Airtel said the funds will help the company further diversify its global financing pool and invest in growth of data networks. This is the "single-largest bilateral commitment by China Development Bank to any telecom operator globally and the largest bilateral commitment to a private Indian company".
     
Subject to final agreements and requisite approvals, Bharti Airtel can draw these funds over a long availability period, depending on its financing requirements.
     
Rajan Bharti Mittal, Vice-Chairman, Bharti Enterprises, said, "We are pleased to sign these agreements as part of the growing economic cooperation between India and China. It is an endorsement of the long-term potential of the Indian telecom sector. Given the availability period of three years, these financings shall further add to the financial flexibility that the Company already has."

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