Technoglitch
Core Member
Large telecom operators plan to spend Rs 34,000 crore in the current financial year to roll out fourth-generation technology (4G) networks and boost their existing one, to address call drops.
Airtel, which had earlier said it would spend $3 billion for its India and global operations in FY16, recently said it might end up investing $200-$400 million totalling a capex of $3.2-3.4 billion (Rs 21,142-22,463 crore) because of accelerated 3G and 4G expansion in India.
Idea Cellular, the third largest operator, has already raised its guidance from Rs 5,000-5,500 crore to Rs 6,000-6,500 crore for the current financial year, out of which half has already been spent. Vodafone, the second largest telecom service provider, also said it would be stepping up investments.
Telcos line up Rs 34,000-cr capex for 4G expansion | Business Standard News
Airtel, which had earlier said it would spend $3 billion for its India and global operations in FY16, recently said it might end up investing $200-$400 million totalling a capex of $3.2-3.4 billion (Rs 21,142-22,463 crore) because of accelerated 3G and 4G expansion in India.
Idea Cellular, the third largest operator, has already raised its guidance from Rs 5,000-5,500 crore to Rs 6,000-6,500 crore for the current financial year, out of which half has already been spent. Vodafone, the second largest telecom service provider, also said it would be stepping up investments.
Telcos line up Rs 34,000-cr capex for 4G expansion | Business Standard News
