Bharti Airtel gains on planning to invest Rs 27-28k crore in telecom network with focus on 5G rollout
Bharti Airtel is currently trading at Rs. 807.05, up by 3.60 points or 0.45% from its previous closing of Rs. 803.45 on the BSE.
The scrip opened at Rs. 805.20 and has touched a high and low of Rs. 810.75 and Rs. 800.40 respectively. So far 27672 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 877.10 on 25-Nov-2022 and a 52 week low of Rs. 629.05 on 14-Jul-2022.
Last one week high and low of the scrip stood at Rs. 819.15 and Rs. 800.40 respectively. The current market cap of the company is Rs. 477370.60 crore.
The promoters holding in the company stood at 55.13%, while Institutions and Non-Institutions held 40.75% and 4.10% respectively.
Bharti Airtel is planning to invest Rs 27,000-28,000 crore in telecom network with a focus on 5G rollout. While the company is planning to increase capital expenditure by 10-15 per cent, it has no plans to charge a premium rate for 5G services as it has not worked in several countries that tried to do so.
The company earlier had an annual average capex in the range of Rs 24,000-25,000 crore. The capex is being largely spent on radios (mobile antennas), fibre, broadband, enterprise technology data centres etc.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.