Connect with us

Business

Bharti Airtel gets $2.5 bn funding nod from Chinese banks

Published

on

New Delhi: Bharti Airtel on Saturday said it has received financing commitment of up to $2.5 billion from two Chinese banks to primarily diversify its global portfolio and invest in the growth of data networks across its operations that now span 20 countries.

Subject to final agreements and requisite approvals, Bharti Airtel can draw the funds from China Development Bank and Industrial and Commercial Bank of China over a long term, depending on its financing requirements.

“This is the single largest bilateral commitment by China Development Bank to any telecom firm globally and the largest bilateral commitment to a private Indian company,” Bharti Airtel said, after the pact was signed in Beijing, coinciding with Prime Minister Narendra Modi’s visit.

“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.”

“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,” said Rajan Bharti Mittal, vice chairman.

“These shall further extend tenors, enabling investments for furtherance of the Digital India initiative.”

In March 2015, Bharti Airtel had announced a strategic collaboration with China Mobile, under which the two companies will work towards the growth of the long term evolution (LTE) ecosystem and evolving mobile technology standards.

Bharti Airtel also has network equipment sourcing agreements with ZTE and Huawei.

“These financings further complement the strong collaboration with Chinese partners,” the statement said.

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

on

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending