Reliance Jio and Airtel Set to Inject ₹75,000 Crore in FY24 to Enhance Network Infrastructure, Reports JM Financials 

Reliance Jio and Airtel Set to Inject ₹75,000 Crore in FY24 to Enhance Network Infrastructure, Reports JM Financials

According to a report from JM Financials concerning the telecom industry, both Reliance Jio and Bharti Airtel, prominent players in the Indian telecom sector, are projected to collectively invest approximately ₹75,000 crore in the current fiscal year to fortify their network infrastructure. 

The report indicates that Reliance Jio is likely to allocate around ₹42,000 crore, while Bharti Airtel is expected to invest approximately ₹33,000 crore during FY24. However, these investments are anticipated to decrease once they attain their 5G network rollout objectives, in line with their announcements. 

The report, as quoted by PTI, mentions that “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.” 

As per the report, Reliance Jio’s capital expenditures are estimated to reach around ₹42,163 crore in FY24, with a projected decrease to about ₹30,000 crore in FY25. Reliance Jio has announced ambitious plans for a nationwide 5G rollout by December 2023, while Bharti Airtel aims to achieve a similar milestone by March 2024, the report notes. 

In the previous month, Jio introduced Jio AirFiber, a service designed for both residential and commercial use. Jio AirFiber delivers impressive speeds of up to 1.5 Gbps, making it well-suited for activities like high-definition video streaming, online gaming, and seamless video conferencing. This innovative service is poised to tap into a substantial untapped market, with more than 200 million Indian households in its sights. Jio AirFiber is expected to be competitively priced, with an estimated cost of around ₹6,000, possibly slightly higher due to the inclusion of a portable device unit. 

Leave a Reply

Your email address will not be published. Required fields are marked *

Data Centers and 5G Expansion Fueling Fiber Cable Boom
Telecom Infrastructure

Data Centers and 5G Expansion Fueling Fiber Cable Boom

A data centre boom globally, in addition to rapid 5G rollouts, is silently propelling the growth of another ancillary industry: Optic fibre cables (OFCs). With top dollar expected to flow into the segment in the next decade, service providers and fibre manufacturers are looking to simultaneously strengthen deployment locally and double down on building capacities […]

Read More
NICSI to Build New Data Centre in Guwahati
Telecom Infrastructure

NICSI to Build New Data Centre in Guwahati

The National Informatics Centre Services Inc. (NICSI) is developing a new data center in North Guwahati, Assam, slated to begin operations by March 2025. This facility, funded by a grant from the Ministry of Electronics and IT (MeitY) and costing over Rs 600 crore, will be India’s sixth national data center. Initially planned with a […]

Read More
Navi Mumbai Airport Frog Cellsat to Build Network Coverage with OneDAS Deployment
Telecom Infrastructure

Navi Mumbai Airport:  Frog Cellsat to Build Network Coverage with OneDAS Deployment

Indian telecom equipment manufacturer Frog Cellsat Limited (FCL) has secured a contract valued at over Rs 16 crore with Metro Telworks Limited to deploy its OneDAS system at the upcoming Navi Mumbai International Airport. The agreement, finalized during India Mobile Congress 2024, marks FCL’s third major airport contract in just three months, following successful deployments […]

Read More