<p>Telecom major Bharti Airtel has issued around $3.35 billion (Rs 19,400 crore) guarantee to its Netherlands-based holding company, Bharti Airtel International (Netherlands) BV In April.<br /><br /></p>.<p>"This is part of routine substitution of acquisition finance by Bharti Airtel for Africa business," sources aware of the transaction said.<br /><br />Bharti Airtel manages Africa operation through Bharti Airtel International (Netherlands) B.V. The entire stake of Zain Africa was transferred to the Netherlands based holding company on March 30, 2010 for $9 billion.<br /><br />Sources said that guarantee is related to recent bonds issued by Bharti Airtel International (Netherlands).<br /><br />As per RBI data for Indian companies' overseas direct investments for April 2013, Bharti Airtel issued guarantees worth $3,352 million to Bharti Airtel International (Netherlands) BV.<br /></p>
<p>Telecom major Bharti Airtel has issued around $3.35 billion (Rs 19,400 crore) guarantee to its Netherlands-based holding company, Bharti Airtel International (Netherlands) BV In April.<br /><br /></p>.<p>"This is part of routine substitution of acquisition finance by Bharti Airtel for Africa business," sources aware of the transaction said.<br /><br />Bharti Airtel manages Africa operation through Bharti Airtel International (Netherlands) B.V. The entire stake of Zain Africa was transferred to the Netherlands based holding company on March 30, 2010 for $9 billion.<br /><br />Sources said that guarantee is related to recent bonds issued by Bharti Airtel International (Netherlands).<br /><br />As per RBI data for Indian companies' overseas direct investments for April 2013, Bharti Airtel issued guarantees worth $3,352 million to Bharti Airtel International (Netherlands) BV.<br /></p>