Bharti Airtel secures $5Bn funding for the merger with MTN (India)

www.WirelessFederation.com/news: Bharti Airtel, the Indian mobile operator, has reportedly secured $5 billion in funding from a consortium of international and local banks, taking it closer to a merger with MTN South Africa. The media reports suggest that deal could be inked by early September.
Bharti has lined a $1.5bn Indian rupee equivalent and a $3.5 billion portion that will be used to help fund the purchase of shares.