Singtel

Singtel Injects $525 Million in Airtel

Sunil Mittal's Airtel, fighting a low tariff war unleashed by rival telecom firm of Billionaire Mukesh Ambani's Reliance Jio, hopes to use the money to cut debt and strengthen its balance sheet at a time when the Indian telecom industry is trying to come to terms with a price war triggered by the entry of Reliance Jio Infocomm Ltd.