Bharti Airtel Ltd.

Bharti Airtel has received financing commitments of up to $2.5 billion from China Development Bank and Industrial and Commercial Bank of China. The company signed the term sheets for the financing options in the presence of Prime Minister of India who is currently on an official visit to China.

China Development Bank has committed financing of up to $2 billion with an average maturity of about nine years. 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. Industrial and Commercial Bank of China has committed $500 million with an average life of about nine years, making it the largest and longest bilateral commitment to an Indian telecom operator.

Subject to final agreements and requisite approvals, the company can draw these funds over a long availability period, depending on its financing requirements. These financing options will allow the company to diversify its global financing pool and access funds to invest in the growth of data networks across its global operations.