Tata Group restarts buyer search for Tata Play after merger talks with Airtel collapse due to valuation differences. Airtel focuses on IPTV and 5G, diminishing DTH merger appeal. Tata aims to exit DTH.
This complements our existing network strength of 400,000 Rkms across 50 countries," Sinha said, adding that the move underlines Bharti Airtel's commitment to address Digital India's growing demand for global connectivity and data with additional routes, diversity and capacity.
Bharti Airtel’s annual capital expenditure will fall sharply in FY25 and FY26 compared with the record Rs 33,000 crore seen in FY24, as the nation’s second-largest telco has concluded its 5G rollout and won’t be spending extra cash on 4G capacity expansion going forward, its vice-chairman and managing director Gopal Vittal said.
“Our focus on speed and quality execution is enabling us to unlock substantial opportunities for growth across our markets and business segments, where demand remains significant, resulting in a further acceleration of constant currency revenue growth in the most recent quarter,” Airtel Africa CEO Sunil Taldar said in an official statement.
