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Bharti Airtel aims $3.5 bn capex in FY '10

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CIOL Bureau
New Update

NEW DELHI, INDIA: Bharti Airtel, India's top mobile operator, said on Thursday that it is on track to spend $3.5 billion capital expenditure for the year ending March 2009, in telecom operations and in rolling out passive infrastructure.

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The company said it hoped to have similar level of capital expenditure in the next financial year, CEO Manoj Kohli told reporters on Thursday.

"On mobile telecom operations-side the investment would be about USD 2-2.5 billion and the tower business-side between Bharti Infratel and Indus we should be spending between 2.5 and USD 3 billion in FY10,” Bharti Enterprises MD Akhil Gupta said.

“But in Indus, (a tower tripartite venture of Vodafone Essar, Idea and Bharti) we have 42 per cent share so the exact investment in the tower business will come down to USD one billion making it the same as last year's capex of USD 3.5 billion." he added.

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