Bharti Airtel to invest Rs 4,000 crores in Punjab

Bharti Airtel today said that it will invest over Rs 4,000 crores in Punjab over the next 5 years to take high speed 4G LTE services to all towns and villages across the state.

As part of the agreement, the company will lay an additional 10,000 km of optic fiber across Punjab and expand its 4G footprint to cover most of the state’s population over the next few years. In addition, Airtel will invest in its existing 2G mobile operations, wireline, DSL Broadband, DTH and M-Commerce services in the State. It will also expand its enterprise services offerings that provide end-to-end technology solutions to corporates and SMEs.

This will provide a major boost to growth of broadband services in rural areas and enable delivery of services such e-governance, e-education, e-health and much more. In particular, it will provider fillip to the growth of the digital economy in the state and support businesses as well as government.

Sunil Bharti Mittal, chairman and group CEO, Bharti Enterprises said, “Airtel has been at the forefront of Punjab’s telecom growth story and we are delighted to be a partner in government of Punjab’s vision to build a digitally inclusive state. Just like the mobile phone connected millions across Punjab, this high speed data connectivity initiative will further empower people with information and services available at the touch of a screen.”

“I am confident that this initiative will make Punjab a model State for rest of the country,” added Mittal.

Till date, it has invested over Rs 4,800 crores in its operations in the state and its mobile network covers all 162 towns and 12,750 villages, reaching 94 percent of the population.

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