New Delhi: Bharti Airtel is believed to have availed a USD 150 million short term loan through its Singapore subsidiary to fund its Africa business.

According to sources, it is a short term loan for meeting various needs of business in Africa including expansion of infrastructure and roll-out of new services.

As of March 31, 2012, the company reported net debt of USD 12.7 billion and the loan from Bharti International Singapore is in addition to the existing debt.

The company operates in 17 African Countries and offers 3G services in 7 of these countries. The company reported 53.1 million customers across these geographies.

At the end of FY 2012, Bharti's revenue from Africa operations stood USD 1,071 million.


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