News > Indian telecom tower firms to spend Rs 21,000 crore in FY 2025, 2026

Indian telecom tower firms to spend Rs 21,000 crore in FY 2025, 2026

Lokmat Times | 26/11/2024 03:15 PM | Click to read full article

Independent telecom tower companies in India are likely to spend Rs 21,000 crore over fiscals 2025 and 2026 to support the telecom companies in expanding rural networks and improving service quality in urban areas, a report showed. The push for better coverage and connectivity, along with rollout of 5G, had driven a Rs 23,000 crore capital expenditure (capex) over the past two fiscals as well, said the CRISIL Ratings report.

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