Bharti Airtel to invest Rs 60000/- crore in next 3 years on network
New Delhi: Bharti Airtell on Monday has declared that in coming 3 year company is going to invest Rs 60,000 -crore investment road map for
boosting telecom network capacity,this moves come’s at a time when Mukesh Ambani prepares to Roll out 4G services under his Reliance Jio venture.Gopal Vittal, the CEO of Bharti Airtel, said the company will invest to improve the quality of voice and data services to its customers. “There still are problems with the network…We are still not where we need to be,” Vittal said as he outlined steps to improve network quality which include setting up of 1.6 lakh new base stations over the next three years.
The investments are also being made at a time when the government has taken a serious view over deficient mobile services as problems such as call drops and poor internet quality hamper customer experience.
The entry of Reliance Jio, the ambitious high-speed telecom and entertainment venture of Ambani, is expected to further fuel competition in the domestic telecom sector as Ambani is likely to offer data-intensive services at relatively lower price points. Bharti Group chairman Sunil Mittal recently said the entry of Jio is expected to shake up the sector and fuel competition.
Vittal said the company plans to meet most of the investment through internal accruals and cash reserves. The programme is being made as part of ‘Project Leap’. “We are confident that this new initiative will deliver a truly differentiated customer experience and reinforce our commitment to build a future-ready network.”
Mittal said that Airtel currently has spectrum capacity for most of its requirements, adding that there are a few gaps which the company will fill in when the need arises. “The larger outcome of this investment is to improve voice, and broadband services