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Bharti Airtel's capital spending in India more than doubled to ₹8,989 crore in the March 2023 quarter from ₹4,276 crore a year ago

Airtel plans to finish 5G rollout this year at a cost of about ₹28,500 cr

Bharti Airtel's capital spending in India more than doubled to ₹8,989 crore in the March 2023 quarter from ₹4,276 crore a year ago
&nbsp;

Bharti Airtel expects to complete 5G rollout in urban areas and some key rural pockets this year and expects the investment in networks to hover around ₹28,500 crore. Bharti Airtel Managing Director Gopal Vittal during the company's earning call said that the company's decision to not bid for premium 700 megahertz band spectrum and go for non-standalone 5G network is leading to better coverage at lower cost.
'We are already in 3,500 cities and towns out of around 7,000 cities. we will conclude urban coverage this year and some of the key rural pockets,' Vittal said.
He said that the company has stopped making capacity expansion in 4G network as the company is seeing traffic offload of up to 30% in areas where 5G has been launched.
'I think the quarter's capex of ₹9,000 crore is little elevated, but if you take two full years, the capex is about ₹28,500 crores for the full year. As I mentioned before, if you take a three-year view, we will be broadly in that same ballpark of what we normally do'.
'And we have reason to believe that the full-year capex for 2023-24, will be in the same broad ballpark as what we have the current year,' Vittal said.
The company's capital expenditure in India more than doubled to ₹8,989.4 crore in the March 2023 quarter from ₹4,276.7 crore a year ago.
The majority of the capex of ₹6,647 crore was deployed in the mobile business as the company continues to build up a pan-India 5G network.&nbsp;
The annual revenue of the mobile services business in India grew by 21% to ₹75,924.6 crore in FY2023 from ₹62,915.1 crore in FY'22.
For the year ended on March 31, 2023, Bharti Airtel's net profit almost doubled to &nbsp;₹8,346 crore from ₹4,255 crore a year ago.
The consolidated revenue from operations of Bharti Airtel for 2022-23 increased by 19.3% to ₹1,39,144.8 crore from ₹1,16,546.9 crore at the end of 2021-22

Bharti Airtel on Thursday said its 5G services have gone live in eight cities of Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi.
The customer availing 5G services will have to pay as per their existing 4G plan, it said.
"Airtel has been at the forefront of India’s telecom revolution for the last 27 years. Today marks one more step in our journey as we build out the finest network to deliver the best experience for our customers.
"For us, our customers are at the core of everything we do. Our solution will therefore work on any 5G handset and the existing SIM that customers have," Bharti Airtel Managing Director and CEO Gopal Vittal said in a statement.
Bharti Enterprises Founder and Chairman Sunil Mittal had announced launch of 5G service in 8 cities on October 1.
A company spokesperson said that customer will be able to avail the services as per their 4G plan.
Airtel subscribers getting 5G signals in their area can switch to 5G but if they find that 5G is consuming high data than can switch back to 4G network.
"Access to 5G is optional," the spokesperson said.
At present, 5G models of Apple, Samsung, Xiaomi, Vivo, Oppo, Realme and OnePlus are compatible with Airtel 5G Plus service.
The compatible models include Samsung's flagship devices including Fold series, Galaxy S 22 series, Samsung M32, iPhone 12 series and later models, Realme 8s 5G, Realme X7 series, Realme narzo series, Vivo X50 onwards smartphones, Vivo IQOO series, Oppo Reno5G Pro and other device in same series launched later, OnePlus 8 and beyond smartphones etc.
Mobile subscribers will get up to 600 megabit per second speed in 5G network during the launch phase and handsets are expected to work at par with professional computers for accessing apps and data processing, according to industry players.
Bharti Airtel competitor Reliance Jio is providing unlimited 5G data during the beta trial to select customers having a 5G smartphone.

Airtel 5G service goes live in 8 cities, customers to pay as per 4G plan

Bharti Airtel on Thursday said its 5G services have gone live in eight cities of Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi.

Airtel subscribers getting 5G signals in their area can switch to 5G but if they find that 5G is consuming high data than can switch back to 4G network.

Bharti Airtel on Thursday said its 5G services have gone live in eight cities of Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi.
The customer availing 5G services will have to pay as per their existing 4G plan, it said.
"Airtel has been at the forefront of India&rsquo;s telecom revolution for the last 27 years. Today marks one more step in our journey as we build out the finest network to deliver the best experience for our customers.
"For us, our customers are at the core of everything we do. Our solution will therefore work on any 5G handset and the existing SIM that customers have," Bharti Airtel Managing Director and CEO Gopal Vittal said in a statement.
Bharti Enterprises Founder and Chairman Sunil Mittal had announced launch of 5G service in 8 cities on October 1.
A company spokesperson said that customer will be able to avail the services as per their 4G plan.
Airtel subscribers getting 5G signals in their area can switch to 5G but if they find that 5G is consuming high data than can switch back to 4G network.
"Access to 5G is optional," the spokesperson said.
At present, 5G models of Apple, Samsung, Xiaomi, Vivo, Oppo, Realme and OnePlus are compatible with Airtel 5G Plus service.
The compatible models include Samsung's flagship devices including Fold series, Galaxy S 22 series, Samsung M32, iPhone 12 series and later models, Realme 8s 5G, Realme X7 series, Realme narzo series, Vivo X50 onwards smartphones, Vivo IQOO series, Oppo Reno5G Pro and other device in same series launched later, OnePlus 8 and beyond smartphones etc.
Also watch: <a href="https://www.editorji.com/tech-news/5g-in-india-do-you-need-a-new-sim-card-to-use-5g-1664884942681">5G in India: Do you need a new SIM card to use 5G?</a>
Mobile subscribers will get up to 600 megabit per second speed in 5G network during the launch phase and handsets are expected to work at par with professional computers for accessing apps and data processing, according to industry players.
Bharti Airtel competitor Reliance Jio is providing unlimited 5G data during the beta trial to select customers having a 5G smartphone.

airtel 5g

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