The telecom giant is also planning to spend around Rs 1.17 lakh crore for trading with Bharti airtel's Indus towers, Nextra and Bharti Hexacom companies. The company is scheduled to hold a meeting of the company's members on February 26 to issue shares to Google for an investment of around Rs 7,500 crore in the company to buy a 1.28 per cent stake.
In the next 5 years, there will be investments here: According to the EGM notice, Bharti Airtel is set to spend Rs 88,000 crore in business with mobile tower company Indus Towers, datacentre firm is set to spend Rs 15,000 crore on transactions worth up to Rs 14,000 crore to avail the services of Nextra and Bharti is to spend up to Rs 14,000 crore with Hexacom. Bharti Airtel is set to invest Rs 17,000 crore on transactions with Indus Towers in the next 4 financial years and Rs 20,000 crore in 2025-26. This was stated in the filing on Saturday.
Focus on 5G towers: The notice talks about how given the growth of 5G globally, it is likely that 5G is soon going to start becoming a reality in India as well. Slowly moving into the length and breadth of our current network in major cities and then in the rest of India. Therefore, considering the growing needs of passive infrastructure amid a massive 5G rollout, the company has already proposed a higher amount of transactions with Indus Towers for the financial year 2025-26, up to Rs 20,000 crore per annum.
Adani Group incorporates new subsidiary to set up data centre in Mumbai
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