Airtel FY24 capex to be Rs 28,000 cr- Rs 31,000 cr: Analysts

Mumbai: Bharti Airtel, India’s second largest telco, is expected to spend up to another Rs 14, 000 crore in capex spending towards 5G rollout and rural 4G expansion, with the spending on this account expected to moderate from FY25 onwards, analysts said.

This will take the annual capex spending by the telco this fiscal year through March 31, 2024, to a range of between Rs 28, 000 crore and Rs 31, 000 crore, they added.