Bharti outlines investments

6 Apr 2005

The Indian telecoms group Bharti TeleVentures says it plans to invest between USD850 million and USD900 million in its current financial year, with around two-thirds being spent on its mobile operations. Dow Jones Newswires quotes the company’s joint managing director, Akhil Gupta, as saying: “The bulk of the capital expenditure will be financed through internal accruals. We are not planning any fresh equity at this stage…we have adequate resources.” Bharti has around ten million fixed line and mobile customers across India.

India, Bharti Airtel