Airtel to end its 3G intra-circle roaming pacts with fellow operators, $3 billion investment for the country this year

Bharti Airtel announced to end its 3G intra-circle roaming agreements with Vodafone and Idea Cellular in various telecom circles, except Kerala by the end of 2015-16. Alongside, the telecom operator would also make an investment of $3 billion in Indian and South Asian market.

Bharti Airtel Logo

“We have capex guidance of about $ 3 billion this fiscal. Of this about $ 700-800 million is for Africa and rest is for India and South Asia,” revealed the Global Chief Financial Officer B. Srikanth, Bharti Airtel.

“We are waiting for spectrum to be allocated. Definitely before the year goes out we will be rolling out 3G in our gap circles and consequently we will phase out 3G ICR,” added Airtel’s CFO for India, Nilanjan Roy.

In the recent spectrum auction, company has gained the capability to roll out 3G and 4G services across India. The company already had 3G spectrum allocated across the 13 out of 22 circles in the country. In March 2015, Gujarat, Maharashtra, Orissa, Uttar Pradesh (East), Madhya Pradesh and Haryana received 3G spectrum following the month’s auction.

However, Department of Telecom pointed the 3G-ICR agreements to be illegal and the matter is now under the purview of Supreme Court, awaiting decision. 4G services would also be on roll this year.

“Since 2010, in five separate auctions, the company has acquired spectrum valued at Rs 68,099 crore,” Srikanth said.

Airtel released its IFRS results yesterday, which showed the company’s quarter profit as 30.5% rise from the previous financial year.

29
Leave a Reply

avatar
11 Comment threads
18 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
21 Comment authors
SpandanLalitMatthewSpandanSahil Shah Recent comment authors
newest oldest most voted
sanjit roy
sanjit roy

Arrogant idiot rascal traitor enemy looter=??

Saket
Saket

Airtel uping its ante at higher point. Good to see. Airtel#1

DUANE
DUANE

@SAKET I agree. Airtel is, and will be, THE LEADER.

Recent Posts

Best DTH Provider After New Trai Mandate: Tata Sky, Airtel Digital TV, D2h or Sun Direct?

The new direction regarding the prices in the TV industry passed by Trai last year took the DTH industry by...

Bharti Airtel Rs 100 and Rs 500 Talk Time Recharges are Back Again for Prepaid Users

The removal of talk time recharges from Vodafone Idea’s and Bharti Airtel’s portfolio was met with hostility by the subscribers....

BSNL Revises Rs 98 Prepaid Plan, Now Offers 2GB Daily Data and Eros Now Subscription

After reducing the validity of two voice-only prepaid plans of Rs 99 and Rs 319, BSNL has now revised its...