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Reliance Jio, Airtel to invest ₹75,000 crore in FY24 to strengthen network: JM Financials
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₹75,000 crore in the current financial year to strengthen their networks, reported PTI The report said Reliance Jio may invest around ₹42,000 crore and Bharti Airtel around ₹33,000 crore in FY24, but the investment will taper down after their 5G network rollout target is met as per their announcement. "Bharti's management capex guidance implies India business capex could decline to approximately ₹200 billion ( ₹20,000 crore) from FY25 (versus ₹280 billion, or ₹28,000 crore in FY23) though we continue to conservatively build in approximately ₹270 billion ( ₹27,000 crore) for FY25 and ₹330 billion ( ₹33,000 crore) for FY24," the PTI quoted the report as saying.
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