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Bharti Airtel plans to invest $200-400 million on 3G, 4G infrastructure: Report

27 Oct 2015 Evaluate

Bharti Airtel, a leading global telecommunications company, is reportedly planning to invest an additional USD 200-400 million in the current fiscal to ramp up 3G and 4G infrastructure. The company has estimated its capex for India and South Asia to be at $2.3 billion, most of which would have been on India.

Recently, the company has reported 10.09% rise in its consolidated net profit at Rs 1522.70 crore for the quarter ended September 30, 2015 as compared to Rs 1383.20 crore for the same quarter in the previous year. Total income of the company has increased by 4.33% at Rs 23851.90 crore for quarter under review as compared to Rs 22861.70 crore for the quarter ended September 30, 2014.   

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Peers
Company Name CMP
Bharti Airtel 1830.00
Vodafone Idea 13.84
Indus Towers 377.50
Tata Communications 1732.70
Railtel Corp. India 260.40
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