Bharti Airtel has reportedly received a commitment from Standard Chartered Bank to raise a $4 billion bridge loan to finance its deal with MTN.

Bharti Airtel has reportedly received a commitment from Standard Chartered Bank to raise a $4 billion bridge loan to finance its deal with MTN. While Standard Chartered has agreed to fully underwrite Airtel’s net acquisition cost, it has not yet been decided whether the UK-headquartered bank will put together a syndicate to finance the deal. Meanwhile, the government has asked Airtel to furnish details of its proposed $23 billion deal with MTN. The matter will also be referred to the law ministry for its legal opinion.