Telcos invested Rs 4.31 lakh crore in FY’15 – Feedback

Gross investments by private telecom operators reached Rs 4.31 lakh crore in 2014-15, government said today. The worth of ‘Capital Work in Progress’ in that fiscal was Rs 91,373 crore was in progress, it said.

Telecom Minister Manoj Sinha said in a written reply in the Lok Sabha that gross block of investments made by private telecom operators increased to Rs 4,31,597 crore in 2014-15, from Rs 3,65,665 crore in 2013-14. The gross block of investments includes both tangible and intangible assets of telecom operators. The total number of base transceiver stations installed by various telecom service providers at different mobile tower locations as on February 28, 2015 was 8.58 lakh and on May 31, 2016, it reached to 11.9 lakh, he said.

http://economictimes.indiatimes.com/industry/banking/finance/telcos-invested-rs-4-31-lakh-crore-in-fy15/articleshow/53302807.cms

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