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Government allots Rs 847.95 crore project to Bharti Airtel

31 May 2022 Evaluate

The government has allocated a project worth Rs 847.95 crore to Bharti Airtel for providing 4G mobile services in uncovered villages of aspirational districts. Under the project, Bharti Airtel will install 1,083 mobile towers with an expenditure of Rs 847.95 crore in Jharkhand and Maharashtra. The project would be funded by Universal Service Obligation Fund (USOF) and is likely to be completed by November 2023.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Peers
Company Name CMP
Bharti Airtel 1791.00
Vodafone Idea 14.10
Indus Towers 380.00
Tata Communications 1671.60
Railtel Corp. India 261.35
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