New Delhi: When preparing 4G expansion and fiber tissue and entering high-speed 5G, Bharti Airtel plans to spend around RS 1.
2 Lakh Crore for five years through business transactions with subsidiaries, Nxtra, and Bharti Hexacom.
The company will hold an extraordinary General Meeting (EGM) on February 26 to request approval for related party transactions, regardless of seeking permission to issue shares to Google for the investment of Giant Giant America around Rs 7,500 Crore to the airtel to buy 1.
3% of the shares.
According to Rug notices, Bharti Airtel will spend RS 88,000 crore in business with Indus Towers cellular tower companies, RS 15,000 Crore for services available from NXTRA data center companies and transactions up to RS 14,000 Crore with Bharti Hexacom to take advantage of telecommunications services, bandwidth, and vases .
Bharti Airtel will invest up to RS 17,000 Crore on transactions with the Indus Tower for the next four years and RS 20,000 Crore in 2025-26, he said in submission of regulations while providing details about expansion plans through relevant companies or companies.
“Given the development of 5G globally, it is likely that 5G will soon begin to come true in India as well, slowly in major cities and then go throughout India across the length and breadth of our current network.
Therefore, given the increasing terms of infrastructure passive during the massive 5G launch, the company proposes the number of transactions up to rs 20,000 crore per year with the Indus Tower for FY 2025-26, “he said in notice.
CEO of Airtel Gopal Vittal recently said that the aggressive capital expenditure plan would continue to remember the expansion in the network and telecommunications settings.
Airtel has added its infrastructure because the growth of data consumption and sound remains strong post covid, which has seen a massive surge in internet use on phenomena such as work – and entertaining at home.
Vittal said that apart from the network, investment would be directed at business fields such as home broadband, data centers and 5G.
“We invest around $ 2.
5 billion per year, and this will continue.” When Indian races towards the 5G spectrum auction this year, Telcos has added their network infrastructure to meet the increase in expected demand.
With a speed of 1,000Mbps, 5G is expected to see a surge in data consumption.
Airtel to spend RS 1.2 lakh crore in Biz with its own cos more than 5 years
