Tuesday, February 16, 2016

#ideacellular to spend Rs. 7,500 crores on expansion in FY16

For FY16, Idea Cellular’s capex guidance is Rs. 7,500 crores, significantly higher than earlier years’ annual capex spends. In this fiscal year, Idea plans to add 40,000 – 45,000 sites on 2G, 3G and 4G technology platforms, complete a cumulative roll out of 111,000 kms of Fibre, and add an incremental 175-200 million population to the Mobile Broadband (3G & 4G) Population Coverage.

The 4G launch in Southern India is part of the capex guidance by Idea.The roll out of Idea’s 4G services will be financed through internal accruals. The company recorded an EBITDA of Rs. 5,739 crores in H1FY16, a growth of 27.6% over H1FY15 and cash profits of Rs. 5,085 crores, a robust growth of 32.5% over H1FY15.