New Delhi, Dec. 6 -- The Board members of India's most popular telecom service provider, Bharti Airtel got together to resolve issues pertaining to the financial crunch it is now facing. Recently, Airtel posted its highest ever quarterly loss. In the second quarter of the current fiscal year, it posted a loss of 230 billion rupees ($3.2 billion) due to provisions made for an unfavorable court verdict over adjusted gross revenue (AGR). To tide over this, the company is now planning to raise US$3 billion to clear its statutory dues and debts.

Recently, the Sunil Mittal-led Airtel has provided 284 billion rupees as a charge to pay higher adjusted gross revenue for this quarter. It still has to pay 430 billion rupees as dues to the governmen...