Bharti's debt woes won't deter Singtel
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Annabeth Leow
Singapore
INDIAN carrier Bharti Airtel faces mounting debt, but that is not expected to sway Singapore's Singtel Group, which has a 39.5 per cent stake in the regional telecoms player.
Bloomberg reported on Tuesday that Bharti Airtel has agreed to two- and three-year loans, to raise more than US$2 billion from banks - just weeks after credit agency Moody's put the group's "Baa3" ratings on review for downgrade, on expectations of weak cash flow and high leverage.
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