Bharti to invest $2 billion this fiscal

Posted on | April 29, 2006 |

Bharti Airtel has capital expenditure plans to the tune of $1.8-2bn for the current financial year.

The funding of the investments would be through internal accruals and any shortfall would be met through borrowings. There are no plans to raise additional equity.

The company aims to expand its network to cover the entire lot of 5,200 census towns in the country this year. At present, it has coverage in about 3,800 census towns.

With respect to the proposed launch of 3G services in the market, Bharti Airtel expected policy issues to be cleared by June and launch of its 3G service in the current financial year itself.

Announcing Bharti’s annual results, Sunil Mittal gave an insight into the expansion that took place last year:

“We put up 10,000 new base stations last financial year across the country which was about the same number that we installed cumulatively over the last 11 years put together.

Category: Airtel

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