Bharti Airtel will be investing around 14,667 crore (USD 2.2 billion) in the Indian and South Asian markets in the current financial year (FY17) as it looks to strengthen network capabilities. The company has already made a capital expenditure of 4133 crore in the first quarter of FY17. Airtel had a CapEx outflow of 15,300 crore in India and South Asia and 5100 crore in Africa in FY16. For FY17, it has given a guidance of 14,700 crore CapEx in India and South Asia and 4,700 crore in Africa. Airtel had last year announced to invest 60,000 crore in 3 years to upgrade its network to provide better-quality services to customers. The company has got the fastest-growing data business in India with annualized revenues of around 14,134 crore, and data usage per customer grew 28 percent year-on-year (Y-o-Y). Data as a percentage of mobile revenues in India stood at 23.7 percent as in first quarter of FY17. Even the voice segment has shown significant growth with minutes carried over the network rising by 8.3 percent Y-o-Y in India. Airtel carries 1.41 trillion minutes on its network.


 1 feb


Mimo india



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