These banks assisted Airtel in raising billions of dollars to fund its 5G network development, primarily through a mix of rights issues and debt offerings.How Investment Banks Helped:
Rights Issue: In 2021, Bharti Airtel launched a ₹21,000 crore (~$3 billion) rights issue, in which JP Morgan, Barclays, Standard Chartered, and UBS were joint lead managers. This capital raised was partly allocated toward Airtel’s 5G infrastructure investments, including spectrum acquisition and equipment upgrades.