Bharti Airtel plans Rs 60,000 cr investment to upgrade mobile network

The bulk of the investment will be in building infrastructure as the company has already bought most of the radio airwaves needed.

Bharti Airtel, will invest Rs 60,000 crore over three years to upgrade its network to improve voice and data services. India is the second biggest region for voice and data. 
 
The bulk of the investment will be in building infrastructure as the company has already bought most of the radio airwaves needed, Gopal Vittal, Bharti Airtel's chief executive for India and South Asia, told a press conference. 
 
The planned investment includes the capital expenditure target of about Rs 14,692 crore for the current fiscal year to March 2016.
 
Competition in the Indian telecommunications sector is set to heat up as Reliance Industries, controlled by India's richest man Mukesh Ambani is preparing to launch the nation's biggest 4G broadband network.
 
Source: Agencies/Reuters
 

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