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Bharti Airtel steps up FY18 investemnt to Rs 25,000 cr to expand 4G network

Launching its services just over a year ago Jio has disrupted the world's second-biggest wireless market by customers with its cut-price offerings

Reuters 

Bharti Airtel Ltd said on Wednesday it was looking to spend Rs 25,000 crore ($3.9 billion) this financial year on its networks, a quarter more than its initial forecast and mainly to speed up the expansion of its 4G mobile broadband network in India. The boost in capital expenditure comes at a time when the Indian market leader is facing stiff competition from Reliance Jio, operator of the entirely new 4G network which cost owner Reliance Industries about $30 billion to build. Launching its services just over a year ago Jio has disrupted the world’s second-biggest ...

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First Published: Thu, November 02 2017. 08:17 IST